ESI gets early nod on Zygo merger
Portland Business Journal
Electro Scientific Industries Inc. and Zygo Corp. announced Wednesday that they have received notice of early termination of the waiting period necessary for their planned merger.
The notice is related to the Hart-Scott-Rodino Antitrust Improvements Act.
The companies announced a definitive agreement on Oct. 16 under which they agreed to merge in an all-stock transaction. Completion of the transaction, expected during the first quarter of 2009, is subject to customary closing conditions, including approval by both companies’ stockholders.
Shares of Portland-based ESI (NASDAQ:ESIO) were up 5 percent in afternoon trading to $6.35. They have a 52-week range betweeen $5.05 and $21.50.
Shares of Middlefield, Conn.-based Zygo (NASDAQ:ZIGO) were up 7.5 percent to $6.35. They have a 52-week range between $4.66 and $13.79.
Both companies make products for the semiconductor industry.
Related Industry News |
Latest News |
Most Viewed Stories |
Most Emailed Stories |
