Halister News

(Bloomberg) -- ASML says each HMI shareholder will receive TWD1,410 (EUR 38.61)/shr, representing premium of 31% over HMI’s 30-day volume-weighted avg price.

• Transaction valued at ~TWD100b, or about EUR2.75b at current exchange rates
• Sees deal closing in 4Q
• Says holders controlling 48% of HMI shares have agreed to vote in favor of deal
• Holder Hermes-Epitek Corp. and certain HMI officers have agreed to invest part of proceeds received from sale in ASML; ASML plans to issue 5.9m shares, or ~1% of outstanding shares, at subscription price of TWD3,106/shr (EUR85.24)
• Shrs would be subject to minimum holding period of 2 and a half years
• ASML to finance acquisition with EUR1.5b of debt and remainder from cash-on-hand
• ASML shares halted

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