Summary
Lam Research Corporation (LRCX) announced the completion of its acquisition of SEZ Holding AG, a leading provider of single-wafer clean technology. The acquisition, finalized on March 11, 2008, was executed through a tender offer that secured approximately 95% of SEZ's outstanding shares. The total purchase price amounted to CHF 606 million (approximately US$584 million), with the net purchase price, after accounting for acquired cash, approximating US$457 million. This strategic move is expected to enhance Lam Research's product portfolio and market position in the semiconductor manufacturing equipment sector. Investors should note that the full financial statements and pro forma information for the acquired business are not included in this initial 8-K filing and will be provided in a subsequent amendment within 71 days. However, the completion of the SEZ acquisition represents a significant step for Lam Research, integrating a complementary technology and expanding its offerings to a global customer base in the critical wafer cleaning segment of the semiconductor industry.
Key Highlights
- 1Lam Research Corporation completed the acquisition of SEZ Holding AG on March 11, 2008.
- 2SEZ Holding AG is a leading supplier of single-wafer clean technology to the semiconductor industry.
- 3The acquisition was completed via a tender offer, acquiring approximately 95% of SEZ's outstanding shares.
- 4The total purchase price for SEZ was CHF 606 million (approximately US$584 million).
- 5The net purchase price, after deducting acquired cash, is approximately US$457 million.
- 6Lam Research expects to acquire the remaining SEZ shares through further necessary steps.
- 7Financial statements and pro forma information for the acquired business will be filed in an amendment within 71 days.