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Article: Plasma-Therm(R), Inc.: Oerlikon-Buhrle to Acquire Plasma-Therm.
- Article from:
- PR Newswire
- Article date:
- December 20, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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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ZURICH, Switzerland and ST. PETERSBURG, Fla., Dec. 20 /PRNewswire/ -- Oerlikon-Buhrle Holding AG (OBH), a high-technology corporation traded on the Swiss stock exchange, and Plasma-Therm, Inc. (Nasdaq: PTIS), a leading producer of plasma process equipment primarily used by manufacturers requiring highly sophisticated film etching and deposition techniques, today announced that they have entered into a definitive agreement for OBH to acquire Plasma- Therm through a cash tender offer.
The tender offer will begin within five business days at a price of $12.50 per share in cash for all of the shares of Common Stock of Plasma-Therm, for a total value of approximately ...