Applied Materials Inc. and Tokyo Electron Limited today announced - TopicsExpress

Applied Materials Inc. and Tokyo Electron Limited today announced Applied Materials agreed to merge with Tokyo Electron in a deal valuing the Japanese semiconductor production equipment maker at $9.3 billion, creating a giant in the chip and display manufacturing-tools sector. An all-stock combination values the new combined company at approximately $29 billion. The companies expect the transaction to close in mid to second half of 2014.

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