Applied terminates acquisition of Japan's Kokusai Electric
KKR’s $3.5 billion sale of Japanese semiconductor industry supplier Kokusai Electric to US-listed Applied Materials has fallen through due to regulatory approval issues in China.
Applied said in a statement that Chinese authorities did not confirm the deal within an acceptable timeframe. It will pay KKR a $154 million termination fee. The transaction was agreed in mid-2019 and...
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