David Dodd 2:53 a.m., May 21
Cymer sells out for big premium
Tech equipment maker Cymer has agreed to be purchased by ASML Holding NV, Europe's largest semiconductor maker, for $2.6 billion. Cymer shareholders will receive $20 in cash and 1.1502 ASML ordinary shares, according to Bloomberg News. That's 72% higher than Cymer's recent closing price. The combination is intended to speed up technology to manufacture microchips cheaper with more functions for mobile phones and tablets, says Bloomberg.