Mon, May 23, 12:36 PM
- A fund known as Grand Chip Investment is acquiring Aixtron (AIXG +13.1%) for €6.00/share ($6.72/share), or €670M ($750M) after factoring net cash. The price represents a 23% premium to Aixtron's Friday close, and a 48% premium to where shares traded before Bloomberg first reported of Aixtron's sale efforts on March 31.
- The all-cash offer requires the support of shareholders owning 60% of Aixtron's shares. Though up strongly today, Aixtron still trades 8% below its buyout price, perhaps due to concerns about regulatory scrutiny.
- Aixtron popped on Friday after Bloomberg reported a €5.50/share could be close. Rival Veeco (VECO +1.6%) is up 7% over the last two trading days.
Fri, May 20, 2:09 PM
- Sources tell Bloomberg a P-E investor group backed by Hong Kong investment firm Buttonwood Finance is in talks to buy Aixtron (AIXG +9.4%), and that the parties "aim to reach an agreement in the coming weeks."
- One source says a deal could be valued at €5.50/share ($6.16/share). That would represent a 23% premium to Aixtron's Thursday close. Bloomberg cautions no final decision has been made.
- Earlier: Aixtron reportedly in sale talks with Chinese suitors
Fri, May 20, 12:38 PM
- Bloomberg reports Aixtron (AIXG +9.6%) is talking with Chinese firms about a potential sale. The report follows one on March 31 stating the German LED/chip equipment maker is holding informal sale talks and working with JPMorgan to explore options.
- Aixtron is posting big gains, but it's worth noting shares were already doing very well before Bloomberg's latest report. A broader rally in chip equipment stocks that has followed Applied Materials' strong earnings/guidance appears to be helping out.
- U.S.-based rival Veeco (VECO +3.2%) is also outperforming on a day the Nasdaq is up 1.4%. Bloomberg's March report stated Aixtron had spoken with both Veeco and Chinese firms. Both companies have been hit hard by weak LED equipment demand caused by industry oversupply.
Dec. 15, 2011, 11:47 AM
Lam Research's (LRCX -3.7%) proposed acquisition (I, II) of Novellus (NVLS +21.1%) is giving a lift to several of the companies' peers, as investors hope the merger of the third and fourth largest U.S. chip equipment makers will spur further consolidation in the downtrodden industry. UTEK +5.8%. CYMI +4.1%. NANO +3.7%. KLIC +4.6%. ASMI +3.3%. AIXG +3.5%. MKSI +3.2%.| Dec. 15, 2011, 11:47 AM
Aug. 23, 2011, 5:33 PMGerman chip equipment maker Aixtron (AIXG) rose 10% today on analyst speculation the company could be a buyout target due to the recent decline in its shares. One analyst suggests Applied Materials (AMAT) is a potential buyer, while another thinks the Chinese government could make a bid. | Aug. 23, 2011, 5:33 PM