北京時間9月24日晚間消息,美國芯片設備制造商應用材料公司(Applied Materials)周二宣布,將收購日本芯片設備制造商東京電子(Tokyo Electron)。該交易將全部以股票形式進行,合并后的新公司市值將達290億美元。
按照協(xié)議,東京電子的股東將按照1:3.25的比例持有新公司股票,應用材料的股東將按照1:1的比例持有新公司股票。2家公司都是制造半導體、平板顯示器和太陽能面板生產(chǎn)設備的企業(yè)。在交易完成后,應用材料股東將持有新公司約68%的股份,東京電子股東持有約32%的股份。
東京電子董事長Tetsuro Higashi將擔任新公司董事長,并表示此交易將建立“真正的全球性公司”,滿足消費電子產(chǎn)品如智能手機和平板電腦供應商的需求。而應用材料總裁兼CEO加里·迪克森(Gary Dickerson)將出任新公司CEO。兩家公司在一份聯(lián)合聲明中稱,他們將繼續(xù)分別在納斯達克和東京證券交易所掛牌交易。
此次合并獲得了兩家公司董事會的一致批準,但交易還需要符合慣例完成條件,等待2家公司股東和監(jiān)管機構的批準。但兩家公司表示,他們的產(chǎn)品線并沒有太多重合,不存在較強的競爭關系,相信會得到監(jiān)管部門批準。預計交易將在2014年中至下半年完成。新公司還未確定名稱,但保留在東京和圣克拉拉的雙總部,注冊地位于荷蘭。
兩家公司預計,合并后的第一年末可實現(xiàn)2.5億美元的運營協(xié)同效應,在第三年實現(xiàn)5億美元的運營協(xié)同效應。另外,由于建立新的企業(yè)結構,預計可節(jié)約大量資金。新公司還打算在完成交易后的12個月里,進行30億美元的股票回購計劃。
在這次交易中,高盛擔任應用材料的獨家金融顧問,威嘉律師事務所(Weil Gotshal&Manges LLP)等公司擔任法律顧問。三菱日聯(lián)摩根士丹利證券(Mitsubishi UFJ Morgan Stanley Securities)擔任東京電子的獨家金融顧問,眾達律師事務所(Jones Day)擔任法律顧問。
本文授權編譯自EE Times,版權所有,謝絕轉載
參考英文原文:Applied, Tokyo Electron Agree to $29 Billion Merger,by Peter Clarke
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Applied, Tokyo Electron Agree to $29 Billion Merger
Peter Clarke
Applied Materials Inc., the world's largest chipmaking equipment supplier, and Tokyo Electron Ltd., ranked No. 3, have agreed to a merger that values the combined entity at about US$29 billion (about 2.8 trillion yen).
The deal, which would bring together the leading US and Japanese vendors of chipmaking equipment, will push Europe's ASML Lithography NV, based in Bilthoven, Netherlands, which has specialized in the scanners used for patterning ICs using optical lithography, back into a distant second place. It also appears to be an early and significant move by recently appointed CEO Gary Dickerson, who joined Applied Materials in August 2013. (See: Applied Materials Appoints CEO.)
Applied and Tokyo said in a joint press release that the new company would be formed as a merger of equals and would have a new name, dual headquarters in Santa Clara and Tokyo, and dual listing on the Tokyo Stock Exchange and Nasdaq. The company is to be incorporated in the Netherlands.
Despite the merger-of-equals claim, the terms of the deal are that Tokyo Electron shareholders will receive 3.25 shares of the new company for every Tokyo Electron share held, and Applied Materials shareholders will receive one share in the new company for each Applied Materials share held. After the close, Applied Materials shareholders will own about 68 percent of the new company and Tokyo Electron shareholders about 32 percent.
No indication was given as to what the merged company will be called. The merger has been unanimously agreed to by the boards of directors of both companies but is subject to approval of both sets of shareholders and to regulatory approval. As a result, the companies do not expect the deal to close before the middle of 2014 and most likely to conclude in the second half of 2014, according to the press release.
The deal will produce a clear No. 1 company in the sale of a range of equipment for precision engineering and patterning for integrated circuits and displays, with about 25 percent market share. Applied Materials led the market in 2012 with about $5.51 billion in sales and 14.4 percent market share, according to a April 2013 report from market researcher Gartner Inc. Tokyo Electron was third, with $4.22 billion in sales and 11.1 percent share. ASML had sales in 2012 of $4.89 billion and a 12.8 percent market share, Gartner said.
The Applied-Tokyo deal has been brokered to cope with the exponentially increasing development of technologies for manufacturing at the leading edge, in both semiconductor circuits and display panels. ASML's own solution to this problem was an innovative equity-plus-research funding program that saw the firm raise billions of dollars while granting three leading chipmakers stakes in the company. Under the move pushed through in 2012, Intel, TSMC, and Samsung gained 15, 5, and 3 percent stakes, respectively. (See: Samsung to take 3% stake in ASML).
Under the terms of the deal, Tetsuro Higashi, who currently serves as chairman, president, and CEO of Tokyo Electron, will serve the new company as chairman. Gary Dickerson, president and CEO of Applied Materials, will be CEO. Bob Halliday of Applied Materials will serve as Chief Financial Officer.
責編:Quentin