ADE, KLA-Tencor push back merger deadline

August 29, 2006 – ADE Corp. and KLA-Tencor Corp. have extended the completion date for KLA-Tencor’s acquisition of ADE, in order to give more time for German antitrust approval.

In a filing with the SEC, the companies have pushed the deadline to Nov. 10 from August 28, to obtain regulatory clearance from German antitrust authorities, who initiated a Phase II investigation of the proposed merger in July.

The two companies announced the deal in February, and later changed the terms from stock-based to all-cash, slightly lowering the total value (~$478 million) but offering a better premium for ADE shareholders. Regulatory approval has already been received by US authorities.


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