Veeco Instruments to Merge With Axcelis Technologies in All-Stock Deal

Reuters12-10 01:05

Veeco Instruments to Merge With Axcelis Technologies in All-Stock Deal

Veeco Instruments Inc. is the subject of an ongoing investigation by the law firm Wohl & Fruchter LLP regarding the fairness of its proposed merger with Axcelis Technologies. Under the terms of the all-stock transaction, Veeco stockholders are set to receive 0.3575 shares of Axcelis common stock for each share of Veeco common stock they own. This exchange ratio is fixed and will not be adjusted for fluctuations in the market prices of either company's shares between the signing of the merger agreement and the completion of the merger. Since the announcement of the proposed merger on October 1, 2025, the price of Axcelis common stock has declined, resulting in a drop in Veeco's stock price as well, which has affected the perceived value of the deal for Veeco shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veeco Instruments Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9599467) on December 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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