Onto Innovation Inc. has updated the terms of its planned acquisition of Semilab USA LLC from Semilab International Zrt. Under the amended agreement, Onto Innovation will acquire all outstanding membership interests of Semilab USA for $432.3 million in cash, subject to customary adjustments, and 641,771 shares of its common stock. This represents a reduction of approximately $50 million from the original purchase price, reflecting the exclusion of the Seller's infrared spectroscopy reflectometry systems business from the deal. The transaction is pending the satisfaction of customary closing conditions, and both parties are working to obtain the necessary regulatory clearances.
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