Article: Applied Materials to Acquire Etec Systems in Stock Swap; Applied Materials to Enter the Mask Making Equipment Market.

Business Editors & High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 12, 2000

Applied Materials, Inc. (Nasdaq:AMAT) and Etec Systems, Inc. announced today that they have reached a definitive agreement for Applied Materials to acquire Etec in a stock-for-stock merger. Each share of Etec's stock will be exchanged for .649 shares of Applied Materials' common stock. The proposed acquisition is expected to combine the strengths of the world's largest semiconductor equipment company with the leading manufacturer of mask pattern generation solutions for the semiconductor and electronics industries.

"The combination of two industry leaders, ...

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