Silicon Valley Grou¥acquires Tinsley Laboratories

Lithographic-stepper manufacturer Silicon Valley Grou¥Inc. (SVG; San Jose, CA) has purchased Tinsley Laboratories Inc. (Richmond, CA) for approximately $40 million in stock. Under the terms of the agreement, SVG will acquire Tinsley through a stock-pooling transaction, exchanging each share of Tinsley common stock for 0.6594 shares of SVG stock. SVG will operate Tinsley as a wholly owned subsidiary reporting to SVG president and COO William Hightower. Tinsley produces aspheres and other prec

Silicon Valley Grou¥acquires Tinsley Laboratories

Lithographic-stepper manufacturer Silicon Valley Grou¥Inc. (SVG; San Jose, CA) has purchased Tinsley Laboratories Inc. (Richmond, CA) for approximately $40 million in stock. Under the terms of the agreement, SVG will acquire Tinsley through a stock-pooling transaction, exchanging each share of Tinsley common stock for 0.6594 shares of SVG stock. SVG will operate Tinsley as a wholly owned subsidiary reporting to SVG president and COO William Hightower. Tinsley produces aspheres and other precision optical components and assemblies for the custom and OEM market.

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