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Veeco Instruments acquiring Ultratech in $815M deal

Feb. 02, 2017 1:00 PM ETUltratech, Inc. (UTEK) StockBy: Eric McCaffrey, SA News Editor
  • Ultratech (NASDAQ:UTEK +8.7%) shareholders to receive $21.75 per share in cash and 0.2675 of a share of Veeco Instruments (VECO -3.1%) common stock per outstanding Ultratech share.
  • Factoring yesterday's close, deal consideration is valued at roughly $28.64 per share of Ultratech. Ultratech shareholders are expected to own approximately 15% of the merged company.
  • Immediate accretion to non-GAAP EPS anticipated.
  • Conference call
  • Press release
  • Presentation

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