Axcelis Technologies Stock Falls 4% On Merger Announcement
Axcelis Technologies, Inc. (ACLS) shares dropped 4.39 percent to 4.60, after the company announced an all-stock merger with Veeco Instruments Inc. The stock opened at 86.04 and 97.64 on the Nasdaq. Trading volume reached 1.36 million shares, above the average of 495,814. Axcelis now trades within a 52-week range of 107.23.The combined company is expected to have an enterprise value of approximately ...