Applied Materials and Tokyo Electron to call post-merger company "Eteris"
Applied Materials, Inc. and Tokyo Electron Ltd., now carrying out the procedures to complete their merger, have announced the name and logo of the holding company that is to be based in the Netherlands following the merger. It will be called Eteris, which is derived from "eternal innovation for society," a concept that is said to express the new company's spirit.
The two companies will operate under the holding company Eteris, but whether Applied Materials and Tokyo Electron will change their names is under discussion.
The two companies expect to complete the merger in the second half of this year.
The merger resolution was approved by Applied Materials' shareholders representing about 99% of the voting rights, and by Tokyo Electron's representing about 95% of the voting rights at the respective shareholder meetings, according to the two companies.
Press release:
Applied Materials and Tokyo Electron Unveil New Company Name - Eteris
Related articles:
Blog: What's behind the Tokyo Electron-Applied Materials deal? (Sept. 26, 2013)
TEL and Applied Materials to merge (Sept. 25, 2013)
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