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Japan: Regulators OK buyout of laser co, following multinational approval

By  |  May 6, 2013
Japan: Regulators OK buyout of laser co, following multinational approval

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.

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