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Lam launches public tender offer for SEZ of 38 sfr per share


Published : Tue, 08 Jan 2008 08:27
By : Agencies
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ZURICH (Thomson Financial) - US company Lam Research Corp announced a public tender offer for Austrian semiconductor assembly machinery maker SEZ Holdings of 38 sfr per SEZ share.

In the offer prospectus, published in Swiss daily NZZ today, Lam said it aims to acquire a minimum of 66.67 pct of SEZ shares.

The tender offer commences today and ends on Feb 11, 2008, but may be extended by a further ten days, the US company said.

Austrian company SEZ, which is listed in Switzerland, recorded full year sales of 392 mln sfr in 2006.

andrew.ge.thompson@thomson.com

at/lam

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