San Diego Business Journal

ASML Holding NV Completes Acquisition of Cymer for $3.7B

Friday, May 31, 2013

ASML Holding NV announced on May 30 that it completed its acquisition of Cymer, the San Diego-based company that makes complex lasers used in the manufacture of microchips.

The purchase price was $3.7 billion.

Each share of Cymer common stock outstanding immediately prior to the completion of the merger was converted into the right to receive $20.00 in cash plus 1.15 shares of ASML stock.

ASML, based in the Netherlands, said it will manage Cymer as an independent business unit. The deal was valued at $2.5 billion when announced in October.

Cymer shares closed at $116.10 on May 30. ASML shares closed at $83.61.

The deal needed approval from several foreign governments. South Korea was the last government to give its OK.

— SDBJ Staff Report