Chinese Regulator Approves KLA-Tencor's Orbotech Deal
The Nasdaq-listed semiconductor company agreed in March to buy Orbotech according to a company valuation of $3.4 billion
The companies first announced the deal, which will see KLA-Tencor pay $69 per share for Orbotech according to a company valuation of $3.4 billion, in March 2018. Since then, the deal had been approved by the regulators of Korea, Israel, the U.S., Taiwan, and Japan, where the companies also operate.
Israel-based Orbotech, a manufacturer of processing, inspection, and repair systems for electronic manufacturing, has a current market capitalization of $3. 06 billion. Orbotech’s stock was trading at $63.16 at market open Monday.