Applied Materials Announces Termination of Kokusai Electric Acquisition Agreement SANTA CLARA, Calif., March 29, 2021 – Applied Materials, Inc. today announced that the amended Kokusai Electric Corporation share purchase agreement with KKR HKE Investment L.P. terminated as of March 19, 2021 as Applied did not receive confirmation of timely approval from the regulator in China. ET Applied Materials initially agreed to buy Kokusai, a Japanese maker of semiconductor equipment in 2019. PRESS RELEASE GlobeNewswire . 1, 2019, 12:00 PM. Applied Materials has signed a definitive agreement to acquire Kokusai Electric for $2.2 billion in cash from investment firm KKR. Applied Materials, Inc. is the global leader in materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic (PV) industries. The semiconductor equipment manufacturer arranged to buy the coporation in July 2019 from investment group KKR. SANTA CLARA, Calif., March 29, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that the amended Kokusai Electric Corporation share purchase agreement with KKR HKE Investment L.P. terminated as of March 19, 2021 as Applied did not receive confirmation of timely approval from the regulator in China.Applied is paying KKR a termination fee of $154 million in cash. Applied Materials recently revealed its proposed $3.5 billion takeover by Kokusai Electric might fall through due to a lack of Chinese government regulatory approval. Applied Materials Inc., one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai Electric Corp. … Summary Applied Materials' planned acquisition of Kokusai would have increased its flatlined global market share, which was identical in 2020 as it was in 2013. It sells epitaxial, thermal processing and other equipment. Applied Materials set … (RTTNews) - Applied Materials, Inc. (AMAT) announced Monday that the amended Kokusai Electric Corp. share purchase agreement with KKR HKE Investment L.P. was terminated as … (Bloomberg) -- Applied Materials Inc., one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai … Applied Materials, the world's largest vendor of semiconductor equipment, on Monday agreed to acquire rival Kokusai Electric from investment … China Hurdle Threatens Applied Materials’ Bid for Kokusai Electric By Alex Fang (Nikkei Asia) —Applied Materials’ $3.5 billion acquisition of Kokusai Electric from investment firm KKR has failed to receive approval from Chinese regulators, jeopardizing the deal as its final deadline nears, the major U.S. chipmaking equipment supplier warned Monday. Acquisition provides Applied with complementary, leadership … Applied Materials in mid-2019 announced that it had agreed to acquire Japanese semiconductor equipment maker Hitachi Kokusai Electric from … China blocked the Applied Materials' acquisition of Kokusai while permitting the Marvell - Inphi deal the same week. Applied Materials has terminated its $2.2-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co, the chip equipment maker said on Monday as … The reason for the termination of the acquisition was that the Chinese anti-monopoly regulators did not approve the acquisition. “Kokusai Electric has a strong culture of innovation along with excellent customer relationships and serves fast-growing areas of the wafer fab equipment market,” said Gary Dickerson, president and CEO of Applied Materials. Applied Materials to Acquire Kokusai Electric. Applied Materials has terminated its $2.2-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co, the chip equipment maker said on Monday as … Applied Materials Inc. AMAT, +0.93% announced Monday that its agreement to purchase Kokusai Electric Corp. has terminated because the company didn't obtain approval for … The firm explained the deal would be called off if not authorized by March 26. In January, Applied Materials raised its … Jul. In December, Applied Materials (NASDAQ:AMAT) raised its offer to acquire Kokusai Electric Corp. from $2.2B to $3.5B. Applied Materials, the world’s largest supplier of semiconductor equipment and services, has formally terminated its acquisition of Kokusai Electric. Applied Materials Inc., one of the largest makers of machines used to make semiconductors, agreed to buy Kokusai Electric from KKR & Co. … Applied Materials Inc. said it expects a planned $3.5 billion acquisition of KKR & Co.-owned Kokusai Electric Corp. to fall through since it has yet to receive regulatory approval in China. Applied Materials initially agreed to buy Kokusai, a Japanese maker of semiconductor equipment in 2019. (ATF) Applied Materials has terminated its $3.5-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co as it failed to get timely approval from China’s regulator. For years, Kokusai Electric was a subsidiary of Hitachi. Press Release Applied Materials Announces Update on Kokusai Electric Acquisition Agreement Published: March 22, 2021 at 8:45 a.m. In January, Applied Materials raised its offer 59%, citing higher valuations in a growing chip industry. Applied Materials, Inc. today announced that the amended Kokusai Electric Corporation share purchase agreement with KKR HKE Investment L.P. terminated as of March 19, 2021 as Applied … Applied Materials has terminated its $2.2-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co, the chip equipment maker said on Monday as … Applied Materials Announces Update on Kokusai Electric Acquisition Agreement March 22, 2021 Applied s Board of Directors Supplements Stock Buyback Program with New $7.5 Billion Authorization SANTA CLARA, Calif. , March 22, 2021 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced that the amended Kokusai Electric California-based Applied Materials said it “did not receive confirmation of timely approval from the regulator in China,” according to a statement on Monday. December, Applied Materials Announces Update on Kokusai Electric for $ 2.2 billion in cash investment. 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