Varian Deal is Bullish for Semiconductor ETFs
May 04, 2011 at 07:25 AM EDT
A nearly $5 billion deal for Varian Semiconductor Equipment (NasdaqGS: VSEA) could be a catalyst to push semiconductor ETFs higher. Applied Materials (NasdaqGS: AMAT) on Wednesday said it will acquire Varian for $63 a share in cash, a 55% premium to Tuesday’s close, according to a press...