News | June 16, 1999

Micrion Shareholders Approve Merger With FEI Co.

At a shareholders meeting on June 10, the shareholders of Micrion Corp. (Peabody, MA), a supplier of focused-ion-beam (FIB) equipment for the semiconductor and data storage industries, have approved the proposed merger with FEI Co. (Hillsboro, OR). The merger is subject to the satisfaction of certain closing conditions, including the resolution of review by the Federal Trade Commission.

"We are pleased that shareholders have followed the recommendation of the Micrion Board of Directors and approved the merger with FEI Co.," said Nicholas P. Economou, Micrion president and CEO. "We are looking forward to receiving other necessary approvals to finalize this merger so that the combined company can move forward with its business."

Micrion Corporation designs, manufactures, and markets focused ion beam (FIB) systems for use in the design, fabrication, and testing of semiconductor, data storage, and other high technology products.

FEI Co. markets focused ion beam and electron microscope products for the semiconductor, components, life science, and material science markets under both the FEI and Philips brand names.

For more information, call Micrion Corp. at 978-538-6700.