Needham & Company Downgrades Mattson Technology (MTSN) to Hold Following Takeover

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Go back to Needham & Company Downgrades Mattson Technology (MTSN) to Hold Following Takeover

Mattson Technology, Inc. Enters Into a Definitive Agreement to Be Acquired by the Beijing E-Town Dragon Semiconductor Industry Investment Center for $3.80 per Share in Cash

December 1, 2015 11:52 PM EST

FREMONT, CA and BEIJING, CHINA -- (Marketwired) -- 12/02/15 -- Mattson Technology, Inc. (NASDAQ: MTSN), a global semiconductor wafer processing equipment provider, and Beijing E-Town Dragon Semiconductor Industry Investment Center (Limited Partnership) ("E-Town Dragon"), today jointly announced that they have entered into a definitive merger agreement under which E-Town Dragon will acquire all of the outstanding shares of Mattson for $3.80 per share in cash. The transaction price represents a 55 percent premium to the 30-trading day average closing price for the period ending December 1, 2015, a 23 percent premium to Mattson's closing stock price on December 1, 2015, and values... More