Basler AG

M&A Activity • Nov 30, 2001

News Details

Ad-hoc | 30 November 2001 08:39

Basler AG english

Basler Approves Sale of Activities of Photobit Corp. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Basler Approves Sale of Activities of Photobit Corp. Pasadena/Ahrensburg, 30.11.2001 – The American semiconductor manufacturer, Micron Technology, Inc., has acquired substantially all of the assets and certain liabilities of Photobit Corp., of which Basler AG holds 14.7% of the outstanding stock. Basler and Micron have entered into an agreement with regard to continuing Basler’s access to CMOS Sensor Technology. The cash received by Basler by this asset deal amounts up to Euro 7.3m, the asset value of the investment is Euro 7.3m after book value adjustments in the third quarter. Further Information: Christian Höck – Corporate Communications Tel.: 04102 463 175 E-Mail: christian.hoeck@baslerweb.com Basler AG An der Strusbek 60-62 22926 Ahrensburg end of ad-hoc-announcement (c)DGAP 30.11.2001 ——————————————————————————– WKN: 510 200; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 300839 Nov 01