Market Overview

Applied Materials Will Acquire Kokusai Electric For $2.2B

Share:

Applied Materials, Inc (NASDAQ: AMAT) announced plans to acquire Kokusai Electric from KKR & Co Inc (NYSE: KKR) for $2.2 billion.

The transaction has been approved by the Applied Materials board of directors and is expected to close within approximately 12 months, subject to regulatory approval.

Following the close of the transaction, Kokusai Electric will operate as a business unit of Applied's semiconductor products group and continue to be based in Tokyo, with technology and manufacturing centers in Toyama, Japan and Cheonan, Korea.

Applied Materials shares traded up 3.32% at $46.40 in Monday's pre-market session.

Related Links:

KKR To Sell KCF Technologies To SKC For $1B

Applied Materials Analysts Break Down Q2 Beat

Posted-In: Kokusai ElectricM&A News

 

Related Articles (AMAT + KKR)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Pareteum Adjusts Q2 Sales, Shares Up 14%

22 Stocks Moving In Monday's Pre-Market Session