[Reuters] Applied Materials to buy Tokyo Electron, create $29 billion company

Posted by: UGN Security

[Reuters] Applied Materials to buy Tokyo Electron, create $29 billion company - 09/24/13 02:45 PM

(Reuters) - Applied Materials Inc, the world's biggest producer of chipmaking equipment, will buy rival Tokyo Electron Ltd in an all-share deal, creating a company with a combined stock market value of $29 billion, the two said on Tuesday.