Applied Materials Proposes Buyout Of ASMI Business Units

Applied Materials Inc. has made a non-binding proposal to ASM International NV (ASMI) for the possible acquisition of ASMI's atomic layer deposition and chemical vapor deposition businesses for a price up to a range of $400 million to $500 million.

According to Applied Materials, there is no assurance that a transaction will result from these discussions. Applied Materials undertakes no obligation to make any further disclosures regarding a possible transaction with ASMI.

SOURCE: Applied Materials

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