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Applied Buys Kokusai For $2.2B


Applied Materials has signed a definitive agreement to acquire Kokusai Electric for $2.2 billion in cash from investment firm KKR. For years, Kokusai Electric was a subsidiary of Hitachi. It sells epitaxial, thermal processing and other equipment. Then, as part of a complex business deal, KKR in 2017 acquired the semiconductor equipment business of Hitachi Kokusai Electric from Hitachi. ... » read more