SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): JANUARY 18, 1999
AG ASSOCIATES, INC.
(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 000-25862 94-2776181
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
4425 FORTRAN DRIVE, SAN JOSE, CALIFORNIA 95134-2300
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 408-935-2000
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On January 18, 1999, AG Associates, Inc., a California
corporation (the "Company"), entered into an Agreement and Plan of
Merger (the "Merger Agreement") with STEAG Electronic Systems
GmbH, a German business entity ("Parent") and MIG Acquisition
Corporation, a Delaware corporation and a wholly owned subsidiary
of Parent ("Purchaser"), which provides for the acquisition of
the Company by Parent through Purchaser. On January 19, 1999,
the Company and Parent issued a joint press release to announce
that they had entered into the Merger Agreement. Each of the
Merger Agreement and the joint press release are filed as
Exhibits to this Form 8-K.
On January 22, 1999, pursuant to the Merger Agreement,
Purchaser commenced a cash tender offer to purchase all of the
outstanding shares of the Company's common stock, at $5.50 per
share, in cash without interest (the "Offer"). Following the
successful completion of the Offer, upon approval by a
shareholder vote, if required, Purchaser will be merged with and
into the Company (the "Merger") and the Company will become a
wholly owned subsidiary of Parent.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(C) EXHIBITS
2.1 Agreement and Plan of Merger, dated as of
January 18, 1999, by and among the Company, Parent
and Purchaser (incorporated by reference from the
Tender Offer Statement on Schedule 14D-1 as filed
by Parent and Purchaser on January 22, 1999)
99.1 Joint Press Release issued by the Company and
Parent on January 19, 1999 (incorporated by
reference from the Tender Offer Statement on
Schedule 14D-1 as filed by Parent and Purchaser on
January 22, 1999)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
AG Associates, Inc.
Dated: January 25, 1999 By: /s/ Kirk W. Johnson
Kirk W. Johnson
Vice President, Finance and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit Description
2.1 Agreement and Plan of Merger, dated as of January 18,
1999, by and among the Company, Parent and Purchaser
(incorporated by reference from the Tender Offer
Statement on Schedule 14D-1 as filed by Parent and
Purchaser on January 22, 1999)
99.1 Joint Press Release issued by the Company and Parent on
January 19, 1999 (incorporated by reference from the
Tender Offer Statement on Schedule 14D-1 as filed by
Parent and Purchaser on January 22, 1999)
