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Article: KLA-Tencor to Acquire ADE Corporation; Leader in Semiconductor Yield Management and Process Control to Acquire Leader in Bare-Wafer Metrology and Inspection.
- Article from:
- Business Wire
- Article date:
- February 23, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif. and WESTWOOD, Mass. -- KLA-Tencor Corporation (NASDAQ: KLAC) and ADE Corporation (NASDAQ: ADEX) today jointly announced that they have signed a definitive agreement for KLA-Tencor to acquire ADE in a stock-for-stock transaction valued at approximately $488 million based on the closing price of KLA-Tencor on February 22, 2006.
"This combination will allow us to use the significant industry presence of KLA-Tencor to accelerate the growth and development of new products within the semiconductor device area while also providing us with access to its world-wide semiconductor customer base," said Dr. Chris L. Koliopoulos, ADE's CEO and president. "Our ...