SANTA CLARA (dpa-AFX) - Varian Semiconductor Equipment Associates, Inc. (VSEA) said Friday that its shareholders have approved the company's proposed merger with Applied Materials, Inc. (AMAT).
The closing of the merger is subject to the satisfaction or waiver of certain other closing conditions, including, without limitation, the approval of the U.S. Department of Justice under the Hart Scott Rodino Act.
Varian said it continues to expect the merger to be completed during the second half of 2011.
In early May, Applied Materials agreed to buy Varian for $63 per share in cash for a total price of around $4.9 billion on a fully-diluted basis.
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