Flexible Electronics News

Applied Materials Announces Kokusai Electric Corporation Acquisition Agreement Update

Applied’s Board of Directors supplements stock buyback program with new $7.5 billion authorization.

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By: Anthony Locicero

Copy editor, New York Post

Applied Materials, Inc. announced that the amended Kokusai Electric Corporation share purchase agreement with KKR HKE Investment L.P. may have terminated in accordance with its terms on March 19, 2021, after the parties were unable to confirm timely regulatory approval in China.    If Applied does not receive confirmation of timely approval before the March 26, 2021 deadline for payment of the termination fee, Applied said it will treat the agreement as terminated and pay KKR a termination f...

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