Tokyo Electron to buy FSI International for $252.5 mln

Mon Aug 13, 2012 9:11am EDT

Aug 13 (Reuters) - Tokyo Electron Limited said it will acquire chip-equipment maker FSI International Inc for $252.5 million in cash, to beef up its semiconductor manufacturing offerings.

The deal, valued at $6.20 per share in cash, represents a 53 percent premium to FSI's closing price on August 10.