914; or Moscow (7)495-783-4011.Surveillance Credit Analysts: Tim Mulligan
high heel shoes men , London (44)20-7176-3622;
tim_mulligan@standardandpoors.com
Andrew M Bowyer, CFA, London (44)20-7176-3761;andrew_bowyer@standardandpoors.comPrimary Credit Analyst: Matthew Jones, London (44)20-7176-3461;
matthew_jones@standardandpoors.comData Analyst: Tobias Glasby
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tobias_glasby@standardandpoors.comAdditional Contact: Structured Finance Europe;StructuredFinanceEurope@standardandpoors.co m(New York Ratings Desk)
(The following was issued by Israel's TowerJazz (TSEM.O)(TSEM.TA)):
June 5 - TowerJazz, the global specialty foundry leader
high heel shoes men ,announced today that it completed its previously announcedacquisition of Micron Technology's fabrication facility inNishiwaki City, Hyogo, Japan.
The acquisition nearly doubles TowerJazz's current internalmanufacturing capacity, cost-effectively increasing productionby 60,000 wafers per month.
The added capacity to serve the growing needs of it######panding blue chip customer base
high heel shoes men , combined with the additionalbusiness potential in Japan
jimmy choo These two countries may have good reasons to worry about such a deal, is expected to help positionTowerJazz to achieve its expressed $1 billion annual revenue runrate target by 2014.
This acquisition provides TowerJazz with operationalfacilities that span the globe with two fabs in Israel, one fabin the United States, additional capacity available in Chinathrough manufacturing partnerships, and the newly acquired fabin Japan.
As a result, this acquisition enhances the company'sgeographic reach and distribution capabilities which TowerJazzbelieves will create a significant opportunity for revenueenhancement and increased efficiencies in manufacturing.
The total value of the transaction, including assumption ofliabilities, is approximately $140 million, of which $40 millionwas paid in cash, approximately 19.7 million Tower ordinaryshares and the remainder reflects assu