Flexible Electronics News

Applied Materials Announces Stockholder Approval of its Proposed Combination with Tokyo Electron

Transaction is expected to close in the second half of 2014

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Applied Materials, Inc. announced that its stockholders approved its proposed business combination with Tokyo Electron Limited (TSE: 8035). Approximately 99% of the shares voting at the Applied Materials special meeting of stockholders voted to adopt the parties’ Business Combination Agreement, dated September 24, 2013, as amended. This represents approximately 78% of shares of the company’s common stock outstanding as of the May 9, 2014 record date for the meeting. “Today’s strong show of...

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