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Applied Materials, Tokyo Electron to Merge in All-Stock Transaction

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Applied Materials  (NASDAQ: AMAT) and Tokyo Electron Limited (OTC: TOELF) today announced a definitive agreement to create a global innovator in semiconductor and display manufacturing technology via an all-stock combination which values the new combined company at approximately $29 billion (¥2.8 trillion). This combination, which has been unanimously approved by the Boards of Directors of both companies,

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