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Aviza loses another buyer of its Scotts Valley headquarters

For the second time in less than a year, Aviza Technology has seen the buyer of its Scotts Valley headquarter pull out of the deal at the last moment, according to a filing Friday.

In March, we wrote about the announcement of the most recent deal, which marked down the price for the nine-building property to $13 million from the $16 million price agreed to a year ago by a separate buyer, Morley Bros., which pulled out of its deal in September.

Fowler, which had a 90-day period in which to inspect the 43.8 acres property and its title and perform other due diligence, evidently took advantage of a 30-day extension of the escrow period, after which it notified Aviza that it “disapproved of the property materials and inspections and investigations of the property,” which immediately terminated the deal.

Aviza, which supplies chip-making process equipment, said in April it would lay off 15 percent of its staff in a restructuring designed to help it save $15 million to $20 million a year.

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