Therma-Wave Inc. announced that KLA-Tencor has extended its previously announced tender offer until 12:00 midnight, New York City time, on Thursday, May 17, 2007. The tender offer had been previously scheduled to expire at 12:00 midnight, New York City time, on Wednesday, April 18, 2007.
Therma-Wave announced on February 13, 2007 that the German Federal Cartel Office (FCO) initiated a Phase 2 review of KLA-Tencor's proposed acquisition of Therma-Wave. Accordingly, the acquisition of Therma-Wave shares pursuant to the tender offer may only be consummated if the acquisition is approved by the FCO, whether by written approval or by expiration of a four-month waiting period that commenced with KLA-Tencor's initial notification to the FCO on January 12, 2007 and is scheduled to expire on May 14, 2007. KLA-Tencor and Therma-Wave stated that they will continue to cooperate with the German authorities to facilitate a timely review. Both firms are confident that the acquisition should ultimately receive clearance.
KLA-TencorTherma-Wave
