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News Summary: ASML bids for US light beam maker

The Associated Press
Wednesday, 17 Oct 2012 | 11:17 AM ET

THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc.

THE TARGET: Cymer's technology makes focused beams of light. Its shares rocketed higher Wednesday.

THE ACQUIRER: ASML uses such beams in machines to trace out the circuits of computer chips. Its customers include Intel, Samsung and Taiwan Semiconductor Manufacturing, all of whom own stakes in ASML.

  Price   Change %Change
ASML
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CYR
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2330
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INTC
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