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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (28792)	2/23/2006 9:20:59 AM
From: BMcV	Respond to of 95748

ADEX is gone--thanks to whoever on this board pointed this stock out to me: KLA-Tencor to Acquire ADE Corporation Thursday February 23, 9:00 am ET Leader in Semiconductor Yield Management and Process Control to Acquire Leader in Bare-Wafer Metrology and Inspection SAN JOSE, Calif. and WESTWOOD, Mass.--(BUSINESS WIRE)--Feb. 23, 2006--KLA-Tencor Corporation (NASDAQ: KLAC - News) and ADE Corporation (NASDAQ: ADEX - News) today jointly announced that they have signed a definitive agreement for KLA-Tencor to acquire ADE in a stock-for-stock transaction valued at approximately $488 million based on the closing price of KLA-Tencor on February 22, 2006. ADVERTISEMENT "This combination will allow us to use the significant industry presence of KLA-Tencor to accelerate the growth and development of new products within the semiconductor device area while also providing us with access to its world-wide semiconductor customer base," said Dr. Chris L. Koliopoulos, ADE's CEO and president. "Our current customers in the bare silicon wafer manufacturing industry will also gain access to a broader portfolio of defect inspection and metrology solutions." According to KLA-Tencor's Chief Executive Officer Rick Wallace, "This acquisition is in line with our strategy to expand into adjacent markets with solid growth prospects. ADE is a well-managed company that has built a strong position in the bare-wafer market." Pursuant to the agreement, which has been unanimously approved by the boards of directors of both companies, each share of ADE common stock will be exchanged for 0.64 shares of KLA-Tencor common stock on a fixed basis. The transaction is anticipated to be a tax-free exchange to ADE stockholders and will be subject to customary closing conditions, including regulatory approvals and approval by ADE stockholders. The transaction is expected to close by early in the third calendar quarter of 2006. A joint conference call with management participation from both ADE and KLA-Tencor will be held Monday, February 27, at 7:00 a.m. Pacific Standard Time. The call will also be simultaneously webcast at www.kla-t