Cabot Microelectronics Acquires NexPlanar for $142,000,000

  • Feed Type
  • Date
    9/28/2015
  • Company Name
    NexPlanar
  • Mailing Address
    7175 NW Evergreen Parkway Hillsboro, OR 97124 USA
  • Company Description
    NexPlanar builds the next generation of chemical mechanical planarization (CMP) pads for the semiconductor device industry. Our propriety nano-domain technology coupled with patented molded grooves and the unique ability to tune the pads results in dramatically improved yields and lower cost of ownership with extended pad life.
  • Website
    http://www.nexplanar.com
  • Transaction Type
    M&A
  • Transaction Amount
    $142,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the acquisition agreement, Cabot Microelectronics will purchase 100 percent of the stock of NexPlanar for a purchase price of approximately $142 million, plus up to an additional $2.3 million depending upon treatment of certain unvested stock options held by NexPlanar security holders. At closing, NexPlanar is expected to have approximately $15 million of cash and no debt. The company intends to fund the acquisition from its available cash balance.