[November 17, 2009] Applied Materials to take over Semitool for USD364m Tweet (M&A Navigator Via Acquire Media NewsEdge) US nanomanufacturing technology solution provider Applied Materials (NASDAQ:AMAT) has signed a final agreement to buy the outstanding shares of semiconductor device equipment supplier Semitool (NASDAQ:SMTL) for USD364m (EUR244.3m). The purchase will expand Applied's product range and will broaden the buyer's reach to a new set of customers in the semiconductor packaging industry, the group said on Tuesday. The all-cash deal, priced at USD11 apiece, was approved by the boards of directors of both companies. Country: USA Sector: Electronics Target: Semitool Inc Buyer: Applied Materials Inc Deal size in USD: 364m Type: Corporate acquisition Status: Agreed ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]