Alpha Diallo
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Merger in the Semiconductor Sector

Applied Materials, Inc. (NASDAQ:AMAT) is expected to acquire TOKYO ELECTRON LTD (OTCMKTS:TOELF) in a stock based deal. Applied Materials is the leader in chip making equipment. The terms of the deal will allow existent shareholders of Tokyo Electron to receive 3.25 shares of the newly formed company. But, 68 percent of the newly created company will be controlled by Applied Materials shareholders. The merger will have an expected market value of $29 billion. Applied Materials is up 7 percent in current trading on the news.