Applied Materials Inc. (NASDAQ: AMAT) and rival chipmaker Tokyo Electron agreed to merge in an all-stock deal on Tuesday. Under the terms of the deal, Tokyo Electron shareholders will be offered 3.25 shares of the new entity for each share held in Tokyo Electron while Applied Materials shareholders will get one share of the merged company for every share held in Applied Materials. After the merger, Applied Materials’ shareholders will have a stake of around of 68% in the new entity while Tokyo Electron shareholders will have 32% stake.
Tag: AMAT
Applied Materials Swing into Loss in Q2, But Outlook for Orders Improving (AMAT)
Semiconductor equipment manufacturing Company, Applied Materials Inc. (NASDAQ: AMAT) said late on Thursday that it swung into a loss in its fiscal second quarter as it took big one-time charges related to restructuring and a write-down while the top line was hurt due to weak demand for its products from the solar industry.
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Applied Materials Director Buys 50,000 Shares (AMAT)
Applied Materials Inc. (NASDAQ: AMAT) Director Gerhard Parker bought 50,000 shares of AMAT common stock at $11.53 per share, according to a regulatory filing.
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