Sumitomo Heavy Industries, Ltd. wants to buy Axcelis Technologies, Inc. Sumitomo offered Axcelis $544 million in cash, or $5.20 a share.
Though Axcelis Technologies Inc. is having a rough time, it refuses to discuss this business offer.
Sumitomo Heavy made a fair bid, Axcelis's earnings and sales considered.
Sumitomo Heavy Industries, Ltd. is an integrated manufacturer of industrial machinery, automatic weaponry, ships, bridges and steel structure, equipment for environmental protection, including recycling, power transmission equipment, plastic molding machines, laser processing systems, particle accelerators, material handling systems, etc.
Axcelis Technologies, Inc.: ACLS engages in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. It produces ion implantation systems, including high and medium current implanters, and high energy implanters, as well as offers dry strip equipment, thermal processing systems, and curing systems used in the fabrication of semiconductor chips. The company was incorporated in 1995 and is headquartered in Beverly, Massachusetts.
The majority of experts in the field of armaments admit that made-in-Russia weapons can be referred to as best weapons in the world. To substantiate this point, suffice it to recall that many countries make their own ripoffs of world-famous Russian weapons.