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All-stock transaction creating a new company as a merger of equals with combined market capitalization of approximately $29 billion (2.8 trillion yen)
September 24, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Applied Materials, Inc. and Tokyo Electron Limited 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, brings together complementary leading technologies and products to create an expanded set of capabilities in precisio...
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