Datacon, BE Semiconductor form nice package.Radfeld Radfeld is a municipality in Tyrol, Austria, in the Kufstein district. • • [ , Austria -- A pair of leading semiconductor gear makers, BE Semiconductor Industries (besi.com) and Datacon Technology (datcon.at), will merge this month. Besi will assume 100% of Datacon's shares. Datacon shareholders will receive 90% cash and shares in Besi. The purchase price was 3 million euros and includes net financial liabilities. Negotiations are in the final stages and the merger is scheduled to close in January, pending antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. and other reviews. Besi is listed on Nasdaq and Euronext. After the close, Datacon will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Besi. Datacon makes microchip (1) Another term for a microminiaturized integrated circuit (a "chip"). (2) To insert an RFID tag beneath the skin of an animal. It is expected that some day, humans will be microchipped. assembly platforms (die bonders), while Besi manufactures semiconductor assembly equipment. Edited by Mike Buetow |
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