[November 17, 2009] Applied Materials Acquires Semitool for $364 Million (AMAT,SMTL) Tweet Nov 17, 2009 (SmarTrend(R) News Watch via COMTEX) -- 11/17/2009-Applied Materials (NASDAQ:AMAT) entered into a definitive agreement to acquire Semitool (NASDAQ:SMTL) in a deal valued at approximately $364 million, or $11 per share. The per share price of $11.00 represents a 31% premium over Semitool's closing value on Monday. "The semiconductor industry recovery is being fueled by global demand for mobile devices such as smart phones, notebook PCs and portable media players for music, gaming and books," said Mike Splinter, chairman and CEO of Applied Materials. "With this acquisition, Applied will help the world's leading chip makers create ever-smaller and more powerful devices." Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com. Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]