Hot Zone: Amtech to Acquire BTU

摘要

Amtech Systems will acquire BTU International in an all-stock transaction valued at $32.5 million. Under terms of the deal, Amtech will acquire all outstanding shares of BTU, and BTU stockholders will receive 0.3291 shares of Amtech common stock for every share of BTU common stock. BTU stockholders will own approximately 23.9% of the combined company once the deal goes through. The combined company generated pro forma revenues of $94.7 million, based on results for the 12-month period ended June 30 and June 29 for Amtech and BTU, respectively.