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ASM Gets OK on Silicon Valley Buy

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AMSTERDAM, Netherlands, May 7 -- ASM Lithography said that a US government committee has approved its plan to buy the Silicon Valley Group Inc., including a unit that develops optical technology applicable in missiles and spy planes. The Committee on Foreign Investment, a unit of the Treasury Department, which considers national security issues when foreign companies buy US firms, gave the go-ahead to the $1.6 billion buyout of the California-based company after an agreement was reached about its subsidiary, Tinsley Laboratories, ASML said.     The acquisition was expected to be completed by...Read full article

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    Published: May 2001
    defenseindustrialNews & Features

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