Printer Friendly
The Free Library
14,587,945 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

KLA-Tencor / ADE Acquisition Receives German Antitrust Clearance.


Merger Expected to Close on October 11, 2006

SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. & WESTWOOD, Mass. -- KLA-Tencor Corporation (Nasdaq:KLAC) and ADE Corporation (Nasdaq:ADEX ADEX Athens Derivatives Exchange (Athens, Greece)
ADEX Air Defense Exercise
ADEX Advertisement Expenditure
ADEX Asociaciã³n de Exportadores (Peru) 
) announced that the acquisition of ADE by KLA-Tencor has received the approval of German antitrust authorities and that the previously announced Phase II investigation of the acquisition has been closed. The acquisition has already been cleared by the antitrust authorities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and in all other applicable jurisdictions. In addition, ADE's stockholders approved the acquisition on July 13, 2006. The parties expect the merger to close on October 11, 2006.

About ADE Corporation:

ADE Corporation is a leading supplier of metrology and inspection systems for the semiconductor wafer, semiconductor device, magnetic data storage and optics manufacturing industries manufacturing industries nplindustrias fpl manufactureras

manufacturing industries nplindustries fpl de transformation

. Wafer suppliers and device manufacturers worldwide rely on ADE measurement and inspection systems to certify cer·ti·fy  
v. cer·ti·fied, cer·ti·fy·ing, cer·ti·fies

v.tr.
1.
a. To confirm formally as true, accurate, or genuine.

b.
 and ensure the highest quality bare silicon substrates. ADE's most recent generation of products serve both 65nm in-line manufacturing applications and 45nm process development. Semiconductor device yields begin with the bare wafer, and ADE's leading technology provides early insight into surface defect, shape, flatness and nanotopography of these advanced 300mm substrates. Additional information about ADE is available on the Internet at http://www.ade.com, which website is not part of this press release.

About KLA-Tencor:

KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the NASDAQ Global Select Market under the symbol KLAC. Additional information about the company is available on the Internet at http://www.kla-tencor.com, which website is not part of this press release.

Cautionary Statement Regarding Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

This news release contains certain forward-looking statements within the meaning of the "safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
" provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995 and federal securities law. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Those statements that make reference to expectations, predictions, beliefs, and assumptions should be considered forward-looking statements. These statements include, but are not limited to, those associated with the expected closing time for the proposed merger. These statements involve risks and uncertainties including those associated with failure to consummate or delay in consummating the proposed merger, changes in laws or regulations and other similar factors. Further information on potential factors that could affect KLA-Tencor's or ADE Corporation's respective businesses is contained in their reports on file with the Securities and Exchange Commission, including their respective Form 10-K's. Except as otherwise required by applicable law, KLA-Tencor and ADE are under no obligation to (and expressly disclaim dis·claim  
v. dis·claimed, dis·claim·ing, dis·claims

v.tr.
1. To deny or renounce any claim to or connection with; disown.

2. To deny the validity of; repudiate.

3.
 any such obligation to) update or alter their respective forward-looking statements whether as a result of new information, future events or otherwise.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 5, 2006
Words:486
Previous Article:Farmers Insurance Claims Team Assists Victims of Ohio Storm.
Next Article:Mancini & Associates Announces Larry Flynt Ordered to Pay $1,114,901 to Former Secretary for Engaging Prostitutes in His Office for Personal...
Topics:



Related Articles
KLA-Tencor to Acquire ADE Corporation; Leader in Semiconductor Yield Management and Process Control to Acquire Leader in Bare-Wafer Metrology and...
KLA-Tencor / ADE Acquisition Delayed Pending German Antitrust Clearance.
ADE Shareholders Approve Merger Transaction with KLA-Tencor.
ADE Corporation Reports Fourth-Quarter and Fiscal 2006 Financial Results.
ADE Corporation Reports First Quarter Fiscal 2007 Financial Results.
KLA-Tencor Completes Acquisition of ADE.
KLA-Tencor Agrees to Acquire Therma-Wave, Inc.
KLA-Tencor Extends Tender Offer.
KLA-Tencor Receives Remaining Regulatory Clearance to Acquire Therma-Wave.
KLA-Tencor Completes Acquisition of Therma-Wave.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles