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To: Donald Wennerstrom who wrote (57174)8/13/2012 9:08:01 AM
From: Return to Sender3 Recommendations  Read Replies (1) | Respond to of 95611
 
Tokyo Electron to Acquire FSI Internationalhttp://finance.yahoo.com/news/tokyo-electron-acquire-fsi-international-130000250.html

TOKYO & CHASKA, Minn.--(BUSINESS WIRE)--

Tokyo Electron Limited (“TEL”; Headquarters: Tokyo; President and CEO: Hiroshi Takenaka) (TSE:8035) and FSI International, Inc. (“FSI”; Headquarters: Chaska, Minnesota, USA; Chairman and CEO: Donald Mitchell) ( FSII), announced today that they have entered into a definitive agreement under which TEL will acquire FSI for $6.20 per share in cash, or an aggregate equity purchase price of approximately $252.5 million.

The purchase price represents a premium of 53.5% to the closing price of FSI's common shares on August 10, 2012. The acquisition, which will be completed pursuant to a cash tender offer followed by a second step merger, has been unanimously approved by the boards of directors of TEL and FSI. The board of directors of FSI unanimously recommends that FSI’s shareholders tender their shares into the tender offer. The transaction is expected to close in calendar year 2012.