TOKYO, Oct. 11, 2012 /PRNewswire/ -- Tokyo Electron
Limited ("Tokyo Electron"; Headquarters: Tokyo; President and CEO: Hiroshi Takenaka) (TSE: 8035) announced earlier
today that the tender offer by Tokyo Electron's wholly-owned
subsidiary, RB Merger Corp., for all outstanding shares of common
stock of FSI International, Inc. ("FSI"; Headquarters: Chaska, Minnesota, USA; Chairman and CEO:
Donald Mitchell) (NASDAQ: FSII) for
$6.20 in cash for each share of FSI
common stock was successfully completed. Shortly after
accepting for payment all shares tendered in the offer, RB Merger
Corp. consummated the short-form merger and FSI became an indirect
wholly-owned subsidiary of Tokyo Electron.
"It is our pleasure to announce the successful consummation of
the transaction with FSI. We welcome FSI employees to the
Tokyo Electron family, and look forward to providing FSI's
customers with world class service," said Hiroshi Takenaka, President and CEO of Tokyo
Electron. "The acquisition of FSI will greatly expand Tokyo
Electron's surface preparation product and application portfolio,
enabling us to better meet our customers' demands for innovative
solutions."
Profile of the new company:
Company name: TEL FSI,
Inc. Representative:
Chairman Kenji Washino, President
Donald Mitchell Address: 3455
Lyman Boulevard, Chaska, MN,
U.S.A. Shareholder
composition: Tokyo Electron U.S. Holdings, Inc. 100%
About Tokyo Electron
Tokyo Electron Limited, established in 1963, is a leading supplier
of innovative semiconductor and FPD production equipment worldwide.
Product lines include coater/developers, oxidation/diffusion
furnaces, dry etchers, CVD systems, surface preparation systems,
gas cluster ion beam technologies, and test systems. To support
this diverse product base, Tokyo Electron has strategically located
research & development, manufacturing, sales, and service
locations all over the world. Tokyo Electron is a publicly held
company listed on the Tokyo Stock Exchange. More information about
Tokyo Electron is available at www.tel.com.
SOURCE Tokyo Electron Ltd.