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Applied Materials, Tokyo Electron ditch merger plan

Apr. 27, 2015 3:24 AM ETApplied Materials, Inc. (AMAT) StockAMAT, TOELF, TOELYBy: Yoel Minkoff, SA News Editor3 Comments
  • Applied Materials (NASDAQ:AMAT) and Tokyo Electron (OTCPK:TOELY) said they will scrap plans for a merger that would have created a company with a market value of $29B, citing problems with the U.S. Department of Justice.
  • The future of the deal was put into doubt earlier this year when the plan was delayed due to regulatory issues in several different countries.

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