Applied Materials refiles to extend waiting period in Semitool deal

By Lisa Kerner

Charlotte, N.C., Dec. 2 - Applied Materials, Inc. voluntarily withdrew its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

The filing was made on Nov. 17 in connection with Applied Materials' $11-per-share cash tender offer for all outstanding shares of Semitool, Inc., according to an Applied Materials news release.

Applied Materials said it plans to refile its premerger notification and report form with the U.S. Federal Trade Commission and U.S. Dept. of Justice on Dec. 4, extending the Hart-Scott-Rodino waiting period to Dec. 21.

The tender offer for Semitool's shares is set to expire at midnight ET on Dec. 17 but may be extended, Applied Materials said, to end with or after the Hart-Scott-Rodino waiting period.

Semitool, based in Kalispell, Mont., supplies electrochemical plating and wafer surface preparation equipment to chip-packaging and chip-making companies.

Applied Materials is a Santa Clara, Calif., manufacturer of semiconductor equipment.

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