Photronics amends Align-Rite acquisition deal

Under the terms of the amended agreement, shareholders of Align-Rite will receive 0.85 shares of Photronics stock for each 1.0 share of Align-Rite common stock and as a result Align-Rite shareholders will hold approximately 15% of Photronics’ shares after the merger is complete.

By Christine Lunday, Online Editor

Marked by an underlying “e-everything” theme, SEMI's Industry Strategy Symposium in Pebble Beach, CA, reinforced beliefs that the semiconductor market is beginning a strong upturn, but several otherwise optimistic equipment and materials executives still reported a need to maintain a level of healthy caution.


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