Dewey & LeBoeuf Reps Applied In $4.9M Varian Buy

Law360, New York (May 4, 2011, 2:30 PM EDT) -- California-based Applied Materials Inc. said Wednesday that it will buy Varian Semiconductor Equipment Associates Inc. for $4.9 billion in a deal that would expand the nanotechnology developer's core chip equipment business.

The deal values Varian shares at $63 in cash, a 55 percent premium over the closing stock price Tuesday and a 38 percent premium on Varian's 30-day average closing price, according to Applied.

Applied — which provides equipment, services and software for use in the semiconductor, flat panel display and solar photovoltaic industries — reached...
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