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Applied Materials and Francisco Partners team on offer for ASM Internationalâ??s front-end businesse
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ASM International has said that it has received an offer for the entire
front-end business operations of the Dutch equipment supplier from
Applied Materials. Applied’s initial offer for the ALD and CVD
activities remains unchanged at between $400 and $500 million but
Francisco Partners is offering between $225 million and $300 million
for the remaining units that include epitaxy and vertical furnaces.
ASMI's management and supervisory board are to review the offer, which could amount to $800 million in total.