By Jennifer Chiou
New York, March 15 - KLA-Tencor Corp. said it once more extended its tender offer for Therma-Wave, Inc., this time to midnight ET on April 18 from March 15.
KLA-Tencor noted that it received written notification from the restrictive trade practices commissioner that the Israeli Antitrust Authority has consented to the proposed transaction.
As already reported, the offer, originally scheduled to close Feb. 12, is being reviewed by the German Federal Cartel Office.
On Jan. 8, KLA-Tencor announced a definitive merger agreement to acquire Therma-Wave in a cash tender offer for $1.65 per share, or about $75 million.
KLA-Tencor, based in San Jose, Calif., provides yield management and process control solutions to semiconductor manufacturing and related industries.
Therma-Wave is a Fremont, Calif., developer of proprietary process control metrology products used in semiconductor manufacturing.
| Acquirer: | KLA-Tencor Corp.
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| Target: | Therma-Wave, Inc.
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| Payment per share: | $1.65
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| Announcement date: | Jan. 8
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| Tender offer closes: | April 18
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| Stock price for target: | Nasdaq: TWAV; $1.51 on March 15
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