SMT & Inspection | October 06, 2006
KLA-Tencor's acquisition of ADE<br>approved by German authorities
After completing a second phase of investigation, German antitrust regulators have green-lighted the pending merger between fab metrology equipment suppliers KLA-Tencor Corp. and ADE Corp., paving the way for the acquisition to close on Oct. 11.
ADE's stockholders approved the acquisition on July 13 that would cost KLA-Tencor approximately $488 million. The deal is expected to be closed on October 11.
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