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Technology Stocks
Ultratech Stepper
An SI Board Since April 1996
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3696 58 0 UTEK
Emcee:  Kirk © Type:  Moderated
Ultratech, Inc. (Nasdaq UTEK) designs, manufactures and markets photolithography and laser processing equipment. Founded in 1979, the company's market-leading advanced lithography products deliver high throughput and production yields at a low, overall cost of ownership for bump packaging of integrated circuits and high-brightness LEDs. A pioneer of laser processing, Ultratech developed laser spike anneal technology, which increases device yield, improves transistor performance and enables the progression of Moore's Law for 65-nm and below production of state-of-the-art consumer electronics.

Ultratech traded on the Nasdaq Global Market under the symbol "UTEK".



Accretive acquisition creates a leading equipment supplier to the growing Advanced Packaging industryPLAINVIEW, NY -- (Marketwired) -- 05/26/17 --

Veeco Instruments Inc. (NASDAQ: VECO), a global leader of advanced thin film etch and deposition process equipment, today announced the successful completion of its acquisition of Ultratech, Inc. (NASDAQ: UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and LEDs.

"We are excited to complete this strategic transaction, which establishes Veeco as a leading equipment supplier to the growing Advanced Packaging industry," said John R. Peeler, Veeco's Chairman and Chief Executive Officer. "This compelling combination increases our scale while bringing together complementary technologies and a strong talent pool. We believe this is the ideal platform to accelerate growth, enhance profitability and deliver significant value for our customers and shareholders."

The transaction is expected to be immediately accretive on a non-GAAP basis. Veeco is targeting $15 million in annualized run rate synergies within 24 months after closing, to be achieved through increased efficiencies and leveraging the scale of the combined businesses.

With today's transaction close, Ultratech shareholders will receive $21.75 in cash and 0.2675 shares of Veeco common stock for each Ultratech common share outstanding. The total transaction is valued at approximately $862.3 million, consisting of approximately 7.4 million shares of Veeco common stock and approximately $628.4 million in cash consideration to former Ultratech shareholders and equity award holders. As a result of the acquisition, Ultratech, Inc. stock has ceased trading and is no longer listed on the NASDAQ Stock Market.
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3696UTEK provided nice cyclical trading opportunities. I wonder if BB still followeInvestor2-9/18/2017
3695Nope, but I updated the header to show the PR Subject 3106Kirk ©-9/18/2017
3694It looks like the deal went through. Do you follow Veeco? Time to update the hInvestor2-9/18/2017
3693Veeco gets $26.5M if Ultratech deal falls through, filing says Updated FebruaryKirk ©-2/3/2017
3692I saw that this morning. There goes Veco's pile of cash. I've been keerobert b furman12/2/2017
3691I wondered what was going on today.Investor2-2/2/2017
3690Nice profits! I was already on house money for my newsletter portfolio. Been preKirk ©-2/2/2017
3689Ultratech Announces First Quarter 2016 Results Results driven by positive momenKirk ©-4/21/2016
3688I like how it came down to smack the 50DMA then made a doji with this news. UltKirk ©-3/9/2016
3687I just love the internet! Interposer From Wikipedia, the free encyclopedia [gKirk ©-2/9/2016
3686It sounds like they have a new market for an old product. I never heard of &quKirk ©-2/9/2016
3685Hi Kirk, I was hoping (and that is the correct word) that Amat would allow me trobert b furman-1/21/2016
3684Add AMAT to the list of my trading stocks that I got a nice trade from the decliKirk ©-1/21/2016
3683Ditto on Cohu. Brks on the other hand had a severe dip - they guided weak last robert b furman11/21/2016
3682That would be NICE! LRCX could be even stronger. I played the $80 to $65 to Kirk ©-1/21/2016
3681Nice, That's really a strong launch up. So far semi's are doing very wrobert b furman-1/21/2016
3680Good news! I added SIGNIFICANTLY during the decline last year (at $15.50 and $1Kirk ©-1/21/2016
3679Fnsr up big ($1.86)on 6 cent profit - Nice Bobrobert b furman-12/11/2015
3678Maybe you can write in and nominate me! Kirk ©-12/10/2015
3677The Committee's goal is to appoint one or more new Board members, including Investor2-12/10/2015
3676Major Asian Foundry Places Multiple-system Follow-on Order For Ultratech Laser SKirk ©-12/10/2015
3675via email today: Ultratech Introduces Superfast 4G+ Low-Cost In-Line InspectioKirk ©-11/11/2015
3674Very poor performance.Investor2-10/22/2015
3673In the "good old days" before the big semis moved most variable cost tKirk ©-10/22/2015
3672Via email.... Hope they reduce ArtZ as part of the 10% . The idea any of the Kirk ©-10/22/2015
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