Submitted by Fox First at Ten on October 17th
By The Associated Press
THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc.
THE TARGET: Cymer's technology makes focused beams of light. Its shares rocketed higher Wednesday.
THE ACQUIRER: ASML uses such beams in machines to trace out the circuits of computer chips. Its customers include Intel, Samsung and Taiwan Semiconductor Manufacturing, all of whom own stakes in ASML.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
