Semitool Sees Exponential Trading Volume on Deal (SMTL, AMAT)

Posted in pre-market 
November 17th, 2009

Semitool, Inc. (NASDAQ: SMTL) is being acquired by Applied Materials, Inc. (NASDAQ: AMAT) for $11.00 per share in cash, or $364 million.  At 8:20 AM EST we have seen almost 4,000,000 shares of Semitool trade and shares are up 30% at $10.94.  Average volume here is a mere 160,000 shares, so you can already rack this up as an exponential volume day.  Semitool’s 52-week trading range was $1.86 to $9.73.

JON OGG

Comments are closed

-->