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Axcelis Technologies Stock Falls 4% On Merger Announcement
AxcelisAxcelis(US:ACLS) RTTNews·2025-10-02 01:31

Axcelis Technologies, Inc. (ACLS) shares dropped 4.39 percent to 93.35onWednesday,down93.35 on Wednesday, down 4.60, after the company announced an all-stock merger with Veeco Instruments Inc. The stock opened at 93.50andtradedbetween93.50 and traded between 86.04 and 93.89,comparedwithapreviouscloseof93.89, compared with a previous close of 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 40.40to40.40 to 107.23.The combined company is expected to have an enterprise value of approximately ...