Nov 17 · 11:50:00 AM · Source: Company News Release

Applied Materials Inc. said it plans to acquire Semitool Inc. for $364 million in cash, The $11 a share offer is a 31% premium over Semitool's Monday closing price. The deal would come on the heels of Applied Materials' acquisition of privately held Advent Solar.
The Semitool deal would boost the chip toolmaker's efforts in growing parts of the chip manufacturing market.

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by Larry Etter