Deals
Applied Materials, Tokyo Electron Refile for China Deal
This article is for subscribers only.
Applied Materials Inc., the largest chipmaking-equipment supplier, refiled an application with China’s Ministry of Commerce seeking approval of its takeover of Tokyo Electron Ltd.
The two companies have refiled their merger notification “to allow additional time to engage in constructive dialogue with the Ministry of Commerce People’s Republic of China,” Applied Materials said in a U.S. regulatory filing today. “The parties continue to expect to close the transaction in the second half of 2014,” it said.