Categories Earnings, LATEST, Other Industries, U.S. Markets News

Applied Materials to take over Kokusai Electric for $2.2 billion

Applied Materials Inc. (NASDAQ: AMAT) announced its decision to acquire Kokusai Electric Corporation from investment firm KKR for $2.2 billion in cash. The deal is anticipated to close within approx. 12 months subject to approvals.

After the acquisition, Kokusai will operate as a business unit of Applied’s Semiconductor Products Group and will continue to be based in Tokyo, with technology and manufacturing centers in Japan and Korea.

Applied will finance the deal through a combination of cash and a term loan facility. The transaction was approved by Applied’s Board of Directors, and is expected to be immediately accretive to the company’s adjusted EPS at close.

Kokusai provides high productivity batch processing systems which will complement Applied’s single-wafer processing systems. Applied will also benefit from Kokusai’s supply chain and manufacturing capabilities in Japan and Asia.

In its most recent quarter, Applied Materials saw a 23% drop in sales to $3.5 billion and a 41% decline in adjusted EPS to $0.70. The company expects adjusted EPS of $0.67 to $0.75 for the third quarter of 2019.

Applied Materials’ shares have gained 38% so far this year and 13% over the past three months. The stock was up 3.5% in premarket hours on Monday.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Comments

  1. Pingback: Character building
  2. Pingback: Pharmacognos
  3. Pingback: Dental Veneers
  4. Pingback: faculty of dental
  5. Pingback: led lineari
  6. Pingback: pull ups
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: hair loss
  17. Pingback: fiverrearn.com
  18. Pingback: fiverrearn.com
  19. Pingback: french bulldog
  20. Pingback: fiverrearn.com
  21. Pingback: springerdoodle
  22. Pingback: jute rugs
  23. Pingback: french bulldog
  24. Pingback: teacup frenchie
  25. Pingback: frenchie colors
  26. Pingback: best mobile phone
  27. Pingback: future university
  28. Pingback: six sigma
  29. Pingback: Piano repairs
  30. Pingback: Grand piano moving
  31. Pingback: FUE
  32. Pingback: FUE
  33. Pingback: FUE
  34. Pingback: FUE
  35. Pingback: Classic Books 500
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: Fiverr
  39. Pingback: FiverrEarn
  40. Pingback: Coach
  41. Pingback: partners
  42. Pingback: tea burn
  43. Pingback: Social Justice
  44. Pingback: Predictions
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: live sex cams
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: Kuliah Termurah
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: cheap sex cams
  56. Pingback: fullersears.com
  57. Pingback: french bulldog
  58. Pingback: freeze dried candy
  59. Pingback: frt trigger
  60. Pingback: 늑대닷컴
  61. Pingback: Slot Mesir
  62. Pingback: allgame
  63. Pingback: 918kiss
  64. Pingback: หวย24
  65. Pingback: Cosmetics
  66. Pingback: pg slot
  67. Pingback: Raahe Guide
  68. Pingback: upstate hotels
  69. Pingback: resort lake placid
  70. Pingback: megagame
  71. Pingback: 6mm arc ammo
  72. Pingback: itsMasum.Com
  73. Pingback: ItMe.Xyz
  74. Pingback: itme.xyz
  75. Pingback: itme.xyz
  76. Pingback: ItMe.Xyz

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top