Applied Materials (AMAT -1.1%) to acquire Semitool (SMTL +30%) for $364M, or $11/share, a 31%...

|By:, SA News Editor

Applied Materials (AMAT -1.1%) to acquire Semitool (SMTL +30%) for $364M, or $11/share, a 31% premium to Monday's close. Semitool is a supplier of electrochemical plating and wafer-surface preparation equipment used by companies doing business in chip packaging and chip production. (PR)