SEMITOOL acquired by APPLIED

Semitool, Inc. (NASDAQ: SMTL) is being acquired by Applied Materials, Inc. (NASDAQ: AMAT) for $11.00 per share in cash, or $364 million. At 8:20 AM EST we have seen almost 4,000,000 shares of Semitool trade and shares are up 30% at $10.94. Average volume here is a mere 160,000 shares, so you can already rack this up as an exponential volume day. Semitool’s 52-week trading range was $1.86 to $9.73.