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Electrotech Group

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BUSINESS
July 23, 1996
Plasma and Materials Technologies Inc., a Chatsworth maker of semiconductor manufacturing equipment, has agreed to acquire a larger British rival in a cash-and-stock transaction valued at about $150 million. The deal to buy privately owned Electrotech Group is subject to the approval of PMT's shareholders, the securing of financing and other conditions. The purchase is expected to be completed in October.
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BUSINESS
July 23, 1996
Plasma and Materials Technologies Inc., a Chatsworth maker of semiconductor manufacturing equipment, has agreed to acquire a larger British rival in a cash-and-stock transaction valued at about $150 million. The deal to buy privately owned Electrotech Group is subject to the approval of PMT's shareholders, the securing of financing and other conditions. The purchase is expected to be completed in October.
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BUSINESS
April 8, 1997
Plasma & Materials Technologies Inc. has changed its corporate name to Trikon Technologies Inc. The Chatsworth-based supplier of equipment used to manufacture semiconductors said that since late last year when it acquired Electrotech Group, it has reorganized the company and the new name better reflects its goal of building an international semiconductor equipment business.
BUSINESS
March 5, 1997 | Times Staff and Wire Reports
Plasma & Materials Technologies Inc. said it fired 8% of its employees because of a slowdown in the semiconductor industry and the need to consolidate its work force after a recent acquisition. The Chatsworth-based maker of semiconductor manufacturing equipment bought closely held Electrotech Group in November for $145.7 million in cash and stock. The company didn't say how many people it fired.
BUSINESS
December 17, 1996 | Times Staff and Wire Reports
Plasma & Materials Technologies Inc. said it expects to report a fourth-quarter loss from operations because of slow demand for its chip-making equipment. It didn't specify the size of the loss. The Chatsworth company blamed a slowdown in the industry for its sluggish sales. Analysts expected the company to have a profit of 3 cents a share in the quarter, excluding charges, compared with 10 cents in the year-ago quarter.
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