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HMI to delist from TSE on November 22

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HMI to delist from TSE on November 22
MOPS; Jessie Shen, DIGITIMES [Friday 7 October 2016]

Hermes Microvision (HMI) will be delisted from the Taiwan Stock Exchange (TSE) on November 22, the date when its acquisition by ASML becomes effective, according to the electron beam (e-beam) inspection tool specialist.

HMI indicated its deal with ASML has obtained relevant approvals and/or clearances granted by the Committee on Foreign Investment in US, the Competition Commission in Singapore, and Taiwan’s Fair Trade Commission and the Investment Commission.

HMI has set the share swap record date at November 22, under conditions including approval by Korea’s Fair Trade Commission. HMI expects to suspend trading on the TSE starting November 16.

On June 16, ASML and HMI entered into a share-swap agreement under which ASML will acquire all of the issued and outstanding shares of HMI at a price of NT$1,410 (US$44.81) each. On August 3, shareholders of HMI approved the proposed acquisition of the company by ASML.

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Categories: Bits + chips IC manufacturing

Tags: acquisition ASML Hermes Microvision semiconductor equipment TSE

Companies: Tai Shing Electronics Components

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scattered showers
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HMI to delist from TSE on November 22

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