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Manufacturing/Packaging??

Veeco, FEI reviews conditions of merger

Posted: 19 Dec 2002 ?? ?Print Version ?Bookmark and Share

Keywords:veeco instruments? metrology tool? process equipment? process management solution?

Veeco Instruments Inc. and FEI Co. have announced that they will not be able to complete their previously announced merger by December 31, 2002. Veeco is a manufacturer of metrology tools and process equipment and FEI on the other hand, is a supplier of process management solutions.

Under the terms of the merger agreement, if the merger is not consummated by the said date, either party has the right to terminate the contract. The parties are currently discussing modifications to the merger agreement, including whether to extend the deadline.

The merger also remains subject to the parties obtaining the necessary antitrust and other regulatory approvals. There can be no assurance that the parties will reach agreement on any modifications to the Merger Agreement, that they will extend the date for completing the merger, that the closing conditions to the merger will be met, including obtaining the necessary regulatory approvals, or that the merger will be consummated at all.





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