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Veeco Instruments Inc To Purchase Synos Technology Inc


Thursday, 19 Sep 2013 07:00am EDT 

Veeco Instruments Inc announced that it has signed an agreement to acquire privately held Synos Technology, Inc. (Synos). Synos designs and manufactures Fast Array Scanning Atomic Layer Deposition (FAST-ALD) systems that are enabling the production of flexible organic light-emitting diode (OLED) displays for mobile devices. The initial purchase price is $70 million. Synos shareholders will receive additional payments upon the achievement of future performance milestones, with maximum potential consideration for the transaction of $185 million. The merger is scheduled to close in the fourth quarter of 2013. 

Company Quote

28.74
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30 Jun 2015