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Technology & Science

Nov. 19, 2009

Dewey Advises Chipmaker Buy

Dewey & LeBoeuf attorneys guided Santa Clara chipmaker Applied Materials purchase of Montana-based equipment manufacturer Semitool for $364 million in cash.

By Craig Anderson

Daily Journal Staff Writer

SAN JOSE - Dewey & LeBoeuf attorneys representing Santa Clara-based Applied Materials Inc. helped guide the chipmaker's acquisition of Montana-based equipment manufacturer Semitool Inc. for $364 million in cash.

The acquisition, announced Tuesday, uses an increasingly common structure - the "two step" tender offer, in which Applied will get 32 percent of Semitool...

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