- 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.
Applied Materials, Tokyo Electron ditch merger plan
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Symbol | Last Price | % Chg |
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AMAT | - | - |
Applied Materials, Inc. |