Genus (NASDAQ:GGNS)
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AIXTRON and Genus to Waive Condition Precedent to Merger for
Quotation on Nasdaq National Market
SUNNYVALE, Calif., March 8 /PRNewswire-FirstCall/ -- Genus, Inc.
(NASDAQ:GGNS), announced today that the bid price for AIXTRON ADSs may not
initially meet the minimum bid price required for quotation on the Nasdaq
National Market. Accordingly, AIXTRON and Genus currently intend to waive
their respective conditions precedent to effect the previously announced merger
between the companies, which required AIXTRON's ADSs to have been approved for
quotation on the Nasdaq National Market prior to the effective time of the
merger.
AIXTRON's obligation to use all reasonable efforts to cause AIXTRON's ADSs
issued in the merger to be quoted on the Nasdaq National Market from and after
the effective time until 18 months after the effective time would not be
affected by this waiver.
About Genus, Inc.
Genus, Inc. manufactures critical deposition processing products for the global
semiconductor industry and the data storage industry. To enable the production
of intricate micro-computer chips and electronic storage devices, Genus offers
its LYNX and StrataGem series of production-proven equipment for 200 mm and 300
mm semiconductor production, and offers thin film deposition products for
chemical vapor deposition (CVD), atomic layer deposition (ALD), and wafer
pre-clean capabilities. Genus is at the forefront of market and technology
developments in the ALD marketplace, which is gaining acceptance worldwide as a
critical technology for sub-0.13-micron production of computer chips and
electronic storage devices. Genus' customers include semiconductor
manufacturers located throughout the United States, Europe and the Pacific Rim
including Korea, Japan and Taiwan. Founded in 1981, the company is
headquartered in Sunnyvale, Calif. For additional information visit Genus' web
site at http://www.genus.com/.
NOTE: LYNX2(R), and LYNX3(TM) are trademarks of Genus, Inc.
Additional Information
AIXTRON and Genus entered into a definitive merger agreement on July 1, 2004.
AIXTRON has filed a registration statement on Form F-4 with the US Securities
and Exchange Commission, or SEC, which includes a prospectus of AIXTRON and a
proxy statement of Genus. Investors and security holders are urged to read the
proxy statement/prospectus regarding the business combination transaction
referenced in the foregoing information because it will contain important
information. Investors and security holders may obtain a free copy of the proxy
statement/prospectus and other documents filed by AIXTRON and Genus with the
SEC at the SEC's website at http://www.sec.gov/. The proxy statement/prospectus
and these other documents may also be obtained for free from AIXTRON by
directing a request to AIXTRON Investor Relations at Kackertstr.15-17, 52072
Aachen, +49-241-8909-444 or from Genus, by directing a request to Genus
Investor Relations at 1139 Karlstad Drive, Sunnyvale, Calif., 94089,
408-747-7140, Ext. 1311.
Certain Participants
AIXTRON and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the shareholders of Genus in
connection with the merger. Information regarding the special interests of
these directors and executive officers in the merger will be included in the
proxy statement/prospectus described above. Genus and its directors and
executive officers may be deemed to be participants in the solicitation of
proxies from the shareholders of Genus in connection with the merger.
Information regarding the special interests of these directors and executive
officers in the merger will be included in the proxy statement/prospectus
described above.
DATASOURCE: Genus, Inc.
CONTACT: Trine Pierik of Positio Public Relations, Inc.,
+1-408-453-2400, or , for Genus; or Shum Mukherjee of Genus,
Inc, +1-408-747-7140, or
Web site: http://www.genus.com/