Applied Materials Commences Tender Offer for Opal, Inc.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Nov. 26, 1996--Applied Materials, Inc. announced today that Orion Corp. I, its wholly-owned subsidiary, has commenced a cash tender offer for all outstanding shares of common stock of Opal, Inc. at $18.50 per share. The offer is being made pursuant to the previously announced merger agreement between Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar and Opal. The offer is conditioned upon, among other things, the tender of a majority of the shares outstanding on a fully diluted basis. The offer and withdrawal rights are scheduled to expire at 12:00 midnight on Tuesday, December 24, 1996. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated is acting as the Dealer Manager in connection with the offer and Georgeson & Company Inc. is acting as the Information Agent in connection with the offer. Applied Materials, Inc. is a Fortune 500 global growth company and the world's largest supplier of wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. systems and services to the global semiconductor industry. Applied Materials is traded on the Nasdaq National Market under the symbol "AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ." Applied Materials' website is http://www.AppliedMaterials.com. CONTACT: Applied Materials, Inc. Shannon Fryhoff, 408/986-7229 (editorial) Susan Overstreet, 408/748-5227 (investment) |
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