Japan Fair Trade Commission clears ASML acquisition of Cymer
VELDHOVEN, The Netherlands and SAN DIEGO, May 2, 2013
VELDHOVEN, The Netherlands and SAN DIEGO, May 2, 2013 /PRNewswire/ -- ASML
Holding NV (ASML) and Cymer, Inc. (Nasdaq: CYMI) today announce that the Japan
Fair Trade Commission (JFTC) has cleared the previously announced merger
between Cymer and affiliates of ASML.
Clearance of the merger has previously been granted by the U.S. Department of
Justice, the U.S. Committee on Foreign Investment in the United States
(CFIUS), as well as the Taiwanese, German and Israeli antitrust authorities.
Furthermore, Cymer stockholders have approved the merger agreement.
As already indicated in the deal announcement of 17 October 2012, ASML will
manage Cymer as an independent business unit where it concerns commercial
hardware sales and services activities, and Cymer will continue to supply
sources to and engage in R&D activities with all lithography tool
manufacturers on fair, reasonable and non-discriminatory commercial terms.
Furthermore, ASML reiterates it will continue to let its scanner customers
choose their preferred light source, and its scanners will continue to
interface with light sources from all manufacturers.
Completion of the merger now remains subject to closing conditions and receipt
of approval under competition laws in South Korea. Cymer and ASML continue to
expect the transaction to close in the first half of 2013.
ASML is one of the world's leading providers of lithography systems for the
semiconductor industry, manufacturing complex machines that are critical to
the production of integrated circuits or chips. Headquartered in Veldhoven,
the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ under the
symbol ASML. ASML has 8,625 employees on payroll (expressed in full time
equivalents), serving chip manufacturers in more than 55 locations in 16
countries. More information about our company, our products and technology,
and career opportunities is available on our website: www.asml.com
Cymer is an industry leader in developing lithography light sources, used by
chipmakers worldwide to pattern advanced semiconductor chips. Cymer's light
sources have been widely adopted by the world's top chipmakers and its
installed base comprises approximately 3,900 systems. Continuing its legacy of
leadership, Cymer is currently pioneering the industry's transition to EUV
lithography, the next viable step on the technology roadmap for the creation
of smaller, faster chips. The company is headquartered in San Diego, CA, has
more than 1,200 employees on payroll (expressed in full time equivalents) and
supports its customers from numerous offices around the globe. Cymer maintains
a Web site to which it regularly posts press releases, SEC filings, and
additional information about Cymer. Interested persons can also subscribe to
automated e-mail alerts or RSS feeds. Please visit www.cymer.com.
Forward Looking Statements
"Safe Harbor" Statement under the US Private Securities Litigation Reform Act
of 1995: the matters discussed in this document may include forward-looking
statements, including statements made about our outlook, realization of
systems backlog, IC unit demand, financial results, average selling price,
gross margin and expenses, dividend policy and intention to repurchase shares
and resignations and appointments of executive officers. These forward looking
statements are subject to risks and uncertainties including, but not limited
to: economic conditions, product demand and semiconductor equipment industry
capacity, worldwide demand and manufacturing capacity utilization for
semiconductors (the principal product of our customer base), including the
impact of general economic conditions on consumer confidence and demand for
our customers' products, competitive products and pricing, the impact of
manufacturing efficiencies and capacity constraints, the continuing success of
technology advances and the related pace of new product development and
customer acceptance of new products, our ability to enforce patents and
protect intellectual property rights, the risk of intellectual property
litigation, availability of raw materials and critical manufacturing
equipment, trade environment, changes in exchange rates, available cash,
distributable reserves for dividend payments and share repurchases, our
ability to successfully complete the Cymer transaction, including the ability
to obtain regulatory approval for the merger, the satisfaction of other
conditions to the closing of the merger and the possibility that the length of
time necessary to consummate the merger may be longer than anticipated, and
other risks indicated in the risk factors included in ASML's Annual Report on
Form 20-F and other filings with the US Securities and Exchange Commission.
Contact: ASML, Lucas van Grinsven - Communications - +31 40 268 3949 -
Veldhoven, the Netherlands, Craig DeYoung - Investor Relations - +1 480 383
4005 - Tempe, Arizona, USA or Franki D'Hoore - Investor Relations - +31 40 268
6494 - Veldhoven, the Netherlands; or Cymer, Investor Relations, Natalie
Badillo - +1 858 385 6097 or Media, Taryn Unruh - +1 619 234 0345
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