| KLA-Tencor And ADE Corporation Amend Merger Agreement |
|
ADE Stockholders to Receive $32.50 Per Share in Cash
SAN Jose, CA and Westwood , MA -- KLA-Tencor Corporation (NASDAQ: KLAC) and ADE Corporation (NASDAQ: ADEX) today jointly announced that they have amended and restated their existing merger agreement to change the consideration that ADE stockholders will receive from KLA-Tencor common stock to $32.50 per share in cash. According to KLA-Tencor's Chief Executive Officer Rick Wallace, "We've been receiving great encouragement from our customers as to the benefits that they will realize from this acquisition. The changes to the transaction that we are announcing today should enable us to close the transaction promptly." The transaction will continue to be subject to customary closing conditions, including approval by ADE stockholders. As previously announced, the merger has already been cleared under the U.S. federal antitrust laws. The transaction is expected to close by early in the third calendar quarter of 2006. Important Information KLA-Tencor, ADE and their respective directors and executive officers and other members of management and employees may be deemed to participate in the solicitation of proxies in respect of the proposed transactions. Information regarding KLA-Tencor's directors and executive officers is available in KLA-Tencor's proxy statement for its 2005 annual meeting of stockholders, which was filed with the SEC on October 13, 2005, and information regarding ADE's directors and executive officers is available in ADE's annual report on Form 10-K for the year ended April 30, 2005, and its proxy statement for its 2005 annual meeting of stockholders, which were filed with the SEC on July 26 and August 19, 2005, respectively. Additional information regarding the interests of such potential participants will be included in the proxy statement and the other relevant documents filed with the SEC when they become available. About ADE Corporation About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor was named one of the Best Managed Companies in America for 2005 by Forbes Magazine and is the only company in the semiconductor industry to receive the accolade for this year. KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. Additional information about KLA-Tencor is available on the Internet a t http://www.kla-tencor.com . Cautionary Statement Regarding Forward-Looking Statements Contact: |
Related Products
- KLA-Tencor Completes Acquisition Of Microelectronic Inspection Equipment Business Unit Of Vistec Semiconductor Systems
- Advanced Micro Devices Honors KLA-Tencor With Supplier Award
- Advanced Semiconductor Manufacturing Requirements Drive Rapid Adoption Of KLA-Tencor's es20XP E-Beam Inspection System
- Atmel® Adopts KLA-Tencor's Industry-Leading Klarity ACE Yield-Analysis Software Across All Of Its Fabs
- Cymer and KLA-Tencor Collaborate to Speed Lithography Process Optimization
- Forbes Magazine Names KLA-Tencor to "Best Managed Companies in America" List
- HCL Technologies Sets Up Dedicated Development Centre for KLA-Tencor in Chennai, India
- IMEC and KLA-Tencor Partner in Sub-65-nm Lithography Process Control
- KLA-Tencor Acquires Fab Solutions, A Developer Of Advanced Process Control Software
- KLA-Tencor Acquires Inspex's Wafer Inspection Business
- KLA-Tencor Adds Robert Calderoni to its Board and Names Brian Martin as Senior Vice President, General Counsel and Corporate Secretary
- KLA-Tencor And ADE Corporation Amend Merger Agreement
- KLA-Tencor and Aprio Technologies to Collaborate on Advanced Mask Design Inspection and Repair Tools
- KLA-Tencor and GetSiliconâ„¢ Tackle IC Supply Chain Management Challenges with Remote Access, Real-Time Yield Monitoring
- KLA-Tencor And Samsung Complete Joint Wafer Inspection Evaluation For Advanced DRAM Technology Production
- KLA-Tencor and Seiko Instruments Partner to Bring Innovative Surface Metrology Solution to New Markets
- KLA-Tencor And Soitec Establish JDP To Accelerate Adoption Of Silicon-On-Insulator Wafer Technology For The 90-nm Node And Beyond
- KLA-Tencor And Synopsys To Partner In Developing New Process Modeling For Real-Time Prediction of IC Performance For Toshiba
- KLA-Tencor and Teradyne Engage in Pilot Program to Develop Interactive On-Line Customer Support Capabilities For Automated Test Equipment
- KLA-Tencor and Therma-Wave Settle Lawsuits
- KLA-Tencor Announces $11.50 All Cash Offer for August Technology
- KLA-Tencor Announces 10 Percent Reduction In Global Workforce And Other Cost-Saving Actions
- KLA-Tencor Announces Analyst Briefing At SEMICON West 2010
- KLA-Tencor Announces Commencement of Tender Offer to Acquire Belgium's ICOS Vision Systems
- KLA-Tencor Announces Formation of Special Committee to Investigate Stock Option Practices
- KLA-Tencor Announces Global Reduction In Force
- KLA-Tencor Announces Intent to Acquire Belgium's ICOS Vision Systems
- KLA-Tencor Announces Intent to Acquire the Microelectronic Inspection Equipment Business Unit of Vistec Semiconductor Systems
- KLA-Tencor Announces Live Webcast Of Upcoming Quarterly Earnings Call
- KLA-Tencor Announces Live Webcast of Upcoming Quarterly Call
- KLA-Tencor Announces New Additions to Board of Directors
- KLA-Tencor Announces New Collaboration with Spansion
- KLA-Tencor Announces Resignation of Chief Financial Officer
- KLA-Tencor Announces Results of Special Committee Investigation of Historical Stock Option Practices
- KLA-Tencor Announces Results of Tender Offer to Acquire ICOS Vision Systems
- KLA-Tencor Announces Retirement of Board Chairman Kenneth Levy
- KLA-Tencor Announces Satisfaction of Antitrust Regulatory Closing Condition in Proposed Acquisition of ICOS Vision Systems
- KLA-Tencor Announces Webcast of Analyst Day 2008
- KLA-Tencor Appoints Industry Veteran To Head China Operations
- KLA-Tencor Appoints Jeffrey Hall Chief Financial Officer
- KLA-Tencor Appoints Mark P. Dentinger New Chief Financial Officer
- KLA-Tencor Appoints New President of KLA-Tencor Europe
- KLA-Tencor Appoints Rick Wallace Chief Executive Officer; John Kispert Named President and Chief Operating Officer
- KLA-Tencor Appoints Rick Wallace President and Chief Operating Officer
- KLA-Tencor Appoints Stephen P. Kaufman To Its Board of Directors
- KLA-Tencor Completes Acquisition Of ADE
- KLA-Tencor Completes Acquisition of Therma-Wave
- KLA-Tencor Declares Regular Cash Dividend for First Quarter Fiscal Year 2006
- KLA-Tencor Elects Kevin Kennedy, John Dickson to Its Board of Directors
- KLA-Tencor Employees Dedicate Dollars to Katrina Victims
- KLA-Tencor Expands Data Storage Business With Candela Instruments Acquisition
- KLA-Tencor Expands Global Support Services With Opening Of Japan's First Online Customer Support Center
- KLA-Tencor Expands Its Presence In Emerging Data Storage Markets With Planned Acquisition Of Phase Metrics
- KLA-Tencor Files Patent Infringement Suit
- KLA-Tencor Forms Corporate Venture Capital Group To Support And Accelerate The Development Of New And Emerging Electronics Sectors
- KLA-Tencor Founders Invest In The Future With $2 Million Scholarship Fund For Employees' Children
- KLA-Tencor Hires Peter Campagna As Corporate Vice President And Treasurer
- KLA-Tencor Honored With Prestigious Award For Manufacturing Excellence
- KLA-Tencor Introduces Interactive On-Line Customer Support
- KLA-Tencor Introduces New Pattern Modeling Capabilities To Accelerate Advanced Lithography Process Development
- KLA-Tencor Launches First Of Its Kind Customer Support Program
- KLA-Tencor Names Equipment Industry Veteran Ben Tsai as Executive Vice President and Chief Technology Officer
- KLA-Tencor Names New Member To Board Of Directors
- KLA-Tencor Names Two New Members To Board Of Directors
- KLA-Tencor Partners With Singapore Government To Establish Engineering Services Team
- KLA-Tencor Pledges Assistance To Earthquake Victims In India
- KLA-Tencor Promotes Gary Dickerson to President and Chief Operating Officer
- KLA-Tencor Promotes John Kispert To Succeed Retiring CFO Bob Boehlke
- KLA-Tencor Provides Update on Special Committee Investigation
- KLA-Tencor Provides Updated Guidance and Announces Live Webcast Of Earnings Call For Fiscal 2009 Second Quarter
- KLA-Tencor Purchases Land for New Campus in Livermore, California
- KLA-Tencor Ranked As Silicon Valley's Top Employee Trainer By Training Magazine For Third Consecutive Year
- KLA-Tencor Receives Editors' Choice Best Product Award From Semiconductor International For Its Catalyst Advanced Process Control Software
- KLA-Tencor Receives Funding From NIST ATP To Develop Advanced Optical Wafer Inspection Technology For Sub-70 Nm Devices
- KLA-Tencor Receives Grand Award from Semiconductor International Magazine for Advanced Electron-Beam Inspection Technology
- KLA-Tencor Receives Training Magazine's Coveted "Top 100 Training Companies" Award For Second Consecutive Year
- KLA-Tencor Strengthens Infrastructure in Asia with Opening of State-Of-The-Art Online Customer Support Center in Taiwan
- KLA-Tencor Taps Industry Veteran Motohiko Tahara To Heads Its Japanese Operation
- KLA-Tencor Teams With Carl Zeiss SMT to Reduce Costs and Speed Development Time on Next-Generation Photomasks
- KLA-Tencor Teams With Dainippon Screen to Remove Critical Yield Barriers to Copper IC Production at the 65-/45-nm Node
- KLA-Tencor To Acquire ADE Corporation
- KLA-Tencor to Acquire Finle Technologies, Developer of Industry-Standard Lithography Modeling And Analysis Software
- KLA-Tencor Unlocks Chipmakers' Potential To Speed Time To Market And Profit On Next-Generation Chips With Yield Management Breakthrough
- KLA-Tencor Withdraws Offer For August Technology
- KLA-Tencor's Chairman Honored as a "Legend" of the Semiconductor Equipment Industry
- KLA-Tencor's New Automated Lithography Simulation Solution Accelerates Sub-0.13-Micron Design Rule Development
- KLA-Tencor's New Singapore Facility Will Provide Base for Regional Expansion
- KLA-Tencor/ADE Acquisition Receives German Antitrust Clearance
- KLA-Tencor/ADE Aquisition Delayed Pending German Antitrust Clearance
- KT Venture Group--The Corporate VC Partner Of KLA-Tencor--Appoints New General Partner To Support Increased Investment Activity
- KT Venture Group--The Corporate Venture Capital Partner of KLA-Tencor--Appoints Advisory Board
- Lam and KLA-Tencor Announce Program for Integrated Metrology at 300 mm
- President And COO John Kispert To Leave KLA-Tencor
- PRI Automation and KLA-Tencor Team to Speed Yield Management and Process Control in 300 mm Fabs
- TSMC Completes Successful Beta Evaluation of KLA-Tencor's TeraStarâ„¢ Reticle Inspection Tool on 130 nm Design Rules
- WaferTech and KLA-Tencor Team to Boost IC Manufacturing Yields
