Mergers and Acquisitions Update: ASML Buys Cymer, Harry Winston Diamond To Divest Unit
ASML Holding (NASDAQ:ASML) will buy Cymer (NASDAQ:CYMI) for €1.95 billion, or $2.5 billion, in a cash and stock transaction which will permit ASML to accelerate the development of extreme ultraviolet semiconductor lithography tech which is crucial for manufacturing the next generation of microchips. The buyer has issued new stock to Intel Corporation (NASDAQ:INTC) and Samsung (SSNLF.PK), representing just about 9 percent of its share capital to help pay for the takeover.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Harry Winston Diamond Corporation (NYSE:HWD) would like to divest its watch and jewelry unit in order to focus more on its mining division. The firm has been approaching potential buyers such as the luxury groups LVMH and PPR, according to Reuters.