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CORRECT: ASMI gets offer for 2 units from Applied Materials

LONDON (MarketWatch) — Dutch chip equipment group ASM International [s:asmi] said Friday that Applied Materials Inc. made an unsolicited offer for its ALD (Atomic Layer Deposition) and PECVD (Plasma Enhanced Chemical Vapour Deposition) units. The offer was communicated orally and Applied Materials has indicated an initial value of $400 million to $500 million for the units, ASM International said. ASM International’s management board and supervisory board will internally discuss the offer and its implications and will make an announcement by June 14. ASM International shares were up 16% in Amsterdam at last check. (Corrects company name in headline.)
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Original post by Forextvblog

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