Thursday, April 30, 2015

Planned merger of Applied Materials and Tokyo Electron failed

The announced eighteen months ago merger of the two companies from the USA and Japan has met with opposition from the US antitrust authorities. The promise of more competition does not suffice to competition watchdogs.

The cartel investigations in the US Department of Justice issued the merger plans drawn up by Applied Materials and Tokyo Electronics clearly rejected. The recent concessions of the two companies to provide for the merger to more competition, not enough auditors. Applied Materials wants to buy back its own action worth about three billion dollars (about 2.77 billion euros) in the market.

In September 2013, the California service and manufacturing companies and the Japanese producer of flat screens and machines for the semiconductor industry had announced their plans for a merger. The merger should arise a new heavyweight for equipment, software and services in the semiconductor industry and the production of chips and displays, such as for smartphones.

Had the merger of Applied Materials and Tokyo Electron been completed, a market value $ 29 billion was for the emerged from the merger company with a planned new headquarters in the Netherlands worden.Die predicts shareholders of Applied Materials should with 68 percent of the majority of shares hold in the new company. From the merger, the two companies promised not only to accelerate the development of new technologies for semiconductors and displays, but also a savings of 500 million euros annually.

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