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AMAT Applied Materials Inc

198.75
4.76 (2.45%)
After Hours
Last Updated: 00:12:50
Delayed by 15 minutes
Share Name Share Symbol Market Type
Applied Materials Inc NASDAQ:AMAT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.76 2.45% 198.75 198.12 199.89 198.475 193.28 196.26 3,542,053 00:12:50

Applied Materials to Buy Kokusai Electric from KKR for $2.2 Billion

01/07/2019 11:44am

Dow Jones News


Applied Materials (NASDAQ:AMAT)
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By Chris Wack

 

Applied Materials Inc. (AMAT) said Monday that it is buying Kokusai Electric Corp. for $2.2 billion in cash from global investment firm KKR & Co. (KKR).

Applied Materials said in a release that, following the close of the transaction, Kokusai Electric will operate as a business unit of its Semiconductor Products Group and continue to be based in Tokyo.

Applied Materials said the acquisition is expected to be immediately accretive to its adjusted earnings per share at close.

Applied Materials expects to finance the transaction using a combination of balance sheet cash and a term loan facility. The transaction is expected to close within 12 months.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

July 01, 2019 06:29 ET (10:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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