secwatch.observer — SEC 8-K summary
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Issuer:     VEECO INSTRUMENTS INC (VECO)
CIK:        0000103145
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001104659-25-095312
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veeco to merge with Axcelis in stock-for-stock deal; Veeco holders get 0.3575 Axcelis shares
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- Exchange ratio 0.3575; Axcelis shareholders to own 58.4%, Veeco 41.6%.
- Merger expected to close in 2026; subject to stockholder votes, HSR, Chinese SAMR, and Nasdaq listing.
- Post-merger board will have 11 members; Veeco CEO Miller to chair Technology Committee; HQ in Beverly, MA.
- Termination fees: Axcelis pays $108.7M, Veeco pays $77.5M under certain termination scenarios.
- Fifth Amendment to existing credit agreement updates change-of-control definitions for the merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103145/000110465925095312/0001104659-25-095312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103145/000110465925095312/tm2527554d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-095312

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