Needham & Company Downgrades Mattson Technology (MTSN) to Hold Following Takeover
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E-Town Dragon to Acquire Mattson Technology, Inc. (MTSN) for $3.80/Share
December 2, 2015 6:35 AM ESTMattson Technology, Inc. (NASDAQ: MTSN) and Beijing E-Town Dragon Semiconductor Industry Investment Center (Limited Partnership) ("E-Town Dragon"), 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 Mattson's equity at approximately $300 million on a fully diluted basis.
Commenting on the proposed acquisition, Fusen Chen,... More
