Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 1:23 PM
| This Slide: #47 of 100 |
Slide #47. CMC Materials, Inc. — International Test Solutions, Inc.
Acquirer:
CMC Materials, Inc. (NASDAQ:CCMP)
Acquiree:
International Test Solutions, Inc.
Details:
CMC Materials, Inc. (Nasdaq: CCMP) today announced that it has entered into an agreement to acquire International Test Solutions, Inc. (ITS), a leader in the design and production of innovative, high-performance consumables used to optimize critical semiconductor testing processes. Headquartered in Reno, Nevada and supplying to semiconductor manufacturers globally, ITS will become part of the company's Electronic Materials business segment.
CMC Materials is a supplier of consumable materials to semiconductor manufacturers and pipeline companies. Co.'s segments are: Electronic Materials, which consists of chemical mechanical planarization (CMP) slurries business, CMP pads business, and electronic chemicals business; and Performance Materials, which consists of pipeline and industrial materials business, and QED Technologies International, Inc. (QED) business. QED is a provider of finishing and measurement technology to the precision optics industry. QED's products also include magneto-rheological polishing fluids, consumables, spare and replacement parts, as well as optical polishing services.
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Avg. Broker Rec.
  
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Hold (1.75 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: CCMP Stock Forecast Based on Zacks ABR data; powered by Xignite |
