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Technology Stocks : KLA-Tencor Corporation (KLAC)

KLAC 1,209

-0.5%

Oct 31 9:30 AM EST

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To: Cary Salsberg who wrote (1771)	4/6/2005 10:16:08 AM
From: Proud_Infidel	of 1779

KLA-Tencor reaffirms bid to acquire August Technology EE Times (04/05/2005 7:36 PM EDT) SAN FRANCISCO — KLA-Tencor Corp. issued a statement Tuesday (April 5), reaffirming its offer to acquire August Technology Corp. for $11.50 per share in cash. KLA-Tencor also said that it already owns approximately 4.2 percent of August's outstanding common stock. KLA-Tencor originally announced its bid to acquire August on Feb.9. The bid was widely viewed as an attempt to block rivals Nanometrics Inc. and Rudolph Technologies Inc. from acquiring August. In January, Nanometrics and August agreed to merge the two companies to create a vendor of a comprehensive range of inspection, measurement and analysis systems. The following week, Rudolph announced a hostile and unsolicited offer to acquire August for $190 million. On Monday (April 4), Rudolph and August announced that the companies had entered into a confidentially agreement to discuss a potential merger. KLA-Tencor said that is views this agreement as "a positive sign that the August board of directors is willing to enter into discussions that may deliver greater value to August's shareholders than its pending transaction with Nanometrics, Inc." In the statement, Ken Schroeder, president and chief executive officer of KLA-Tencor, "KLA-Tencor continues to have the highest regard for August Technology and its employees, and we believe that the acquisition of August Technology by KLA-Tencor serves the best interests of our respective shareholders and customers."

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