August 13, 2012 / 1:15 PM / in 5 years

Tokyo Electron to buy FSI International for $252.5 mln

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.

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