6/18/2008 – Electronic News
Applied, Francisco Partners make combined front-end offer to ASMI. Applied also reaffirmed its offer for ASMI’s ALD and PECVD businesses. By Ann Steffora Mutschler, Senior Editor — Electronic News, 6/18/2008
Following an offer from Applied Materials Inc of between $400 and $500M for its ALD and PECVD businesses early this month, and its subsequent rejection of that offer last week, Bilthoven, Netherlands-based semiconductor manufacturing equipment supplier ASM International NV (ASMI) said today that it has received a combined offer from Applied and Francisco Partners for its remaining front-end businesses for $225 to $300 million. Applied also reaffirmed its offer for the ALD and PECVD businesses, ASMI said.
ASMI said its management board and supervisory board will internally discuss the offer and its implications.
The company concluded that it will determine its initial position with respect to the combined offer and make a public announcement when ready.
Tech-focused equity firm Francisco Partners also holds a 6.3% ownership interest in the Intel-STMicroelectronics flash joint venture, Numonyx.