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Oerlikon-Buhrle to Buy Plasma-Therm.(Brief Article)
Oerlikon-Buhrle Holding AG (OBH, Zurich, Switzerland), a high-technology corporation traded on the Swiss stock exchange, and Plasma-Therm, a leading producer of plasma process equipment used for sophisticated film etching and deposition techniques, said they have entered into a definitive agreement for OHB to acquire Plasma-Therm through a cash tender offer.
The tender offer will begin within five business days at a price of $12.50 per share in cash for all of the shares of common stock of Plasma-Therm - for a total value of approximately $150 million. It is expected to be completed by early February 2000. The tender offer, which has been approved by the boards of directors of both companies, is subject to the tender of a majority of the outstanding Plasma-Therm shares, the expiration ...
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