Applied Materials, the world's largest supplier of semiconductor equipment, announced on the 4th that it has agreed to acquire another semiconductor equipment manufacturer, Varian, for a total purchase price of $4.9 billion at a price of $63 per share.
According to Varian’s closing price of the stock on the 3rd, the application material’s bid is 55% higher and it is also 38% higher than the average closing value of Varian’s shares in the past 30 trading days.
According to Mike Splinter, chief executive officer of Applied Materials, the acquisition of Varian is positive for the company's core semiconductor business profitability strategy. He said that in an era of ever-increasing innovation, it needs more mobility, connectivity and more customized equipment, and Varian's joining will strengthen the company's innovation and manufacturing process. Splinter is referring to the smart phone market that is currently growing rapidly.
Applied materials are expected to complete the acquisition, will be able to bring greater profits for the company.
This is also one of the largest mergers and acquisitions among semiconductor device manufacturers recently. These devices are used to produce integrated circuits used in electronic devices such as flat panel TVs and solar panels.
The market value of applied materials is estimated to exceed US$20.1 billion, mainly to supply special equipment used in the production of these chips.
Varian is mainly engaged in the design and production of ion implantation systems. The company’s current market value is estimated at US$3.06 billion. In April 2011, Varian released its second fiscal quarter financial report for the previous fiscal year, with a net profit of $82.3 million, compared with $38.6 million in the same period of the previous fiscal year; and quarterly revenue was $330 million. It is also higher than the $204 million in the same period of last fiscal year.
Since 2011, Varian’s share price has risen by 9.7%; Applied Materials’ share price has increased by 8.5% during the same period.
According to Varian’s closing price of the stock on the 3rd, the application material’s bid is 55% higher and it is also 38% higher than the average closing value of Varian’s shares in the past 30 trading days.
According to Mike Splinter, chief executive officer of Applied Materials, the acquisition of Varian is positive for the company's core semiconductor business profitability strategy. He said that in an era of ever-increasing innovation, it needs more mobility, connectivity and more customized equipment, and Varian's joining will strengthen the company's innovation and manufacturing process. Splinter is referring to the smart phone market that is currently growing rapidly.
Applied materials are expected to complete the acquisition, will be able to bring greater profits for the company.
This is also one of the largest mergers and acquisitions among semiconductor device manufacturers recently. These devices are used to produce integrated circuits used in electronic devices such as flat panel TVs and solar panels.
The market value of applied materials is estimated to exceed US$20.1 billion, mainly to supply special equipment used in the production of these chips.
Varian is mainly engaged in the design and production of ion implantation systems. The company’s current market value is estimated at US$3.06 billion. In April 2011, Varian released its second fiscal quarter financial report for the previous fiscal year, with a net profit of $82.3 million, compared with $38.6 million in the same period of the previous fiscal year; and quarterly revenue was $330 million. It is also higher than the $204 million in the same period of last fiscal year.
Since 2011, Varian’s share price has risen by 9.7%; Applied Materials’ share price has increased by 8.5% during the same period.
22W Square Type LED Panel Light,Recessed Square LED Panel Light,Square LED Panel Light
LED Bulbs & Tubes Co., Ltd. , http://www.nsledlight.com