Summary
This 8-K/A filing by KLA-Tencor Corporation (now KLA Corp) serves as an amendment to a previous 8-K, reporting the completion of its acquisition of ICOS Vision Systems Corporation NV (ICOS). The amendment details the successful execution of a squeeze-out bid under Belgian law on June 26, 2008, which resulted in KLA-Tencor acquiring 100% of the outstanding ICOS shares and warrants that were not tendered in the initial offer. This final acquisition step solidifies KLA-Tencor's control over ICOS, completing the transaction that began with a tender offer. Investors should note the total consideration paid for the remaining ICOS securities, which amounted to approximately EUR 390.2 million, settling the acquisition at the previously disclosed per-share prices for common stock, warrants, and options.
Key Highlights
- 1KLA-Tencor Corporation (KLAC) has completed the acquisition of 100% of ICOS Vision Systems Corporation NV (ICOS) on June 26, 2008.
- 2The completion was achieved through a squeeze-out bid conducted under Belgian law.
- 3This filing amends a previous 8-K to report the acquisition of remaining ICOS securities not acquired in the initial tender offer.
- 4The total cash consideration paid for the remaining ICOS securities (shares, warrants, and options) was EUR 390,215,997.70.
- 5The purchase price for ICOS common stock was EUR 36.50 per share.
- 6The purchase price for 2002 warrants was EUR 32.76 per warrant.
- 7The purchase price for shares underlying 2007 options (net of exercise price) was EUR 5.60 per share.