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Applied Materials wants ASM‚??s ALD and PECVD businesses

06 June 2008 | By Mark Osborne | News > Wafer Processing

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ASM InternationalASM International has publicly announced that it has received an unsolicited offer for its ALD and PECVD product ranges from Applied Materials who is offering between $400 million and $500 million for the two businesses.

ASM said in a statement that the offer was communicated orally and that its management and supervisory board would respond to the offer no later than June 14.

The Dutch equipment company has been struggling to turn around its loss-making ‘Front End’ business operations for many years and recently restructured the business unit and dropped certain product development projects.

ASM is also caught up in a battle with investment funds that want to unseat key executives and sell off the front-end wafer processing equipment business.

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