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Applied Materials Inc. to Acquire Worldwide Business of Metron Technology N.V.; Conference Call Scheduled Today at 2:30 pm PT.

Publication: Business Wire
Publication Date: 16-AUG-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SAN JOSE, Calif. -- Metron Technology N.V. (Nasdaq:MTCH) announced today that it has entered into a definitive agreement pursuant to which Applied Materials Inc. would acquire the worldwide operating subsidiaries and business of Metron. Under the terms of the agreement, Applied Materials would pay approximately $84,567,000 in cash to Metron for all outstanding shares of Metron's worldwide operating subsidiaries and substantially all of the other assets of Metron, and would assume certain Metron liabilities. The acquisition, which is subject to regulatory and Metron shareholder approval and other closing conditions, is expected to close in Metron's second fiscal quarter, ending November 30, 2004.

Following the close of the acquisition, Metron Technology N.V. would plan to announce cash distributions to its shareholders in the range of approximately $4.74 per share to approximately $4.80 per share (depending on the tax attributes of the Metron shareholders). Metron anticipates that this distribution would be made in at least two cash distributions during the six-month period following the close of the transaction with a substantial portion of the payment to be made as soon as practicable following closing. Metron has not set a record or...

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