Applied Materials revises offer for Japan's Kokusai Electric
Applied Materials, which agreed to acquire Japanese semiconductor industry supplier Kokusai Electric from KKR 18 months ago, has increased its offer for the company from $2.2 billion to $3.5 billion.
US-listed Applied had expected the deal to close by the end of 2020. The deadline has now been extended to March, allowing more time to secure regulatory clearance from the Chinese authorities, according...
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