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| BRKS > SEC Filings for BRKS > Form 8-K on 31-Oct-2012 | All Recent SEC Filings |
31-Oct-2012
Completion of Acquisition or Disposition of Assets, Other Events, Financial
On October 28, 2012, Brooks Automation, Inc. ("Brooks") entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Crossing Automation Inc., a Delaware corporation ("Crossing"), Niners Acquisition Corporation, a Delaware corporation and wholly-owned subsidiary of Brooks ("Transitory Subsidiary"), and Shareholder Representative Services LLC, solely in its capacity as representative to certain equity holders of Crossing. Pursuant to the terms of the Merger Agreement, Transitory Subsidiary merged with and into Crossing and Crossing became a wholly-owned subsidiary of Brooks (the "Merger"). The Merger was consummated on October 29, 2012. Crossing is a global automation provider primarily to the semiconductor front-end market.
Brooks paid, in cash, a purchase price of $63,000,000, which amount is subject to a customary adjustment based on the working capital of Crossing as of the closing date in accordance with the terms of the Merger Agreement and certain additional adjustments as set forth in the Merger Agreement.
The foregoing description of the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Merger Agreement. A copy of the Merger Agreement is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.
On October 29, 2012, Brooks issued a press release announcing entry into the Merger Agreement, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
(d) Exhibits
2.1 Agreement and Plan of Merger, dated as of October 28, 2012, by and among Brooks Automation, Inc., Crossing Automation Inc., Niners Acquisition Corporation and Shareholder Representative Services LLC
99.1 Press Release dated October 29, 2012, issued by Brooks Automation, Inc.
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