Japan’s Fair Trade Commission has approved for laser equipment company Cymer Inc., based in the US, to be bought-out by lithography and semiconductor company ASML Holdings NV, based in the Netherlands. The FTC approval comes in the wake of similar green lights granted by regulators in the US, Taiwan, Germany and Israel. The deal was first announced in October of 2012, which it was valued at about $2.5 billion. According to reports, ASML is Cymer’s largest customer; ASML announced it would maintain Cymer as an independent conglomerate, and its local office would remain intact. The deal remains subject to formal federal approval by South Korea, though the entities expect to close the deal before mid-year.
Full Content: San Diego Business Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Takes On Prescription Drug Middlemen Over High Insulin Costs
Sep 20, 2024 by
CPI
EU’s Incoming Competition Head Pushes for Policy Shift to Support ‘European Champions
Sep 19, 2024 by
CPI
Google Challenges $217 Million Legal Fee Demand in Privacy Case
Sep 19, 2024 by
CPI
EU Moves to Enforce Apple’s Compliance with New Market Rules
Sep 19, 2024 by
CPI
California Attorney General Bonta Stands Firm Against Albertsons-Kroger Merger
Sep 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández