Welcome!
|
||
Logout|My Dashboard

Applied merging with rival firm Tokyo Electron - Daily Inter Lake: News

Login to DailyInterLake.com

Subscribers Click Here

Non Subscribers Click Here

Applied merging with rival firm Tokyo Electron

Deal worth $9.39 billion

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, September 24, 2013 9:00 pm | Updated: 12:57 pm, Thu Apr 17, 2014.

In a move to better position its business for the rapid shift to mobile computing devices, chipmaking-equipment manufacturer Applied Materials Inc. on Tuesday agreed to a $9.39 billion stock deal to form a new company with rival Tokyo Electron Ltd.

Applied’s stockholders will own 68 percent of the new company, which has yet to be named, and its chief executive officer will be Gary Dickerson, who recently replaced Michael Splinter as Applied’s chief executive.

Subscription Required

An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

    Current print subscribers

      You must login to view the full content on this page.

      Thank you for reading 5 free articles on our site. You can come back at the end of your 30-day period for another 5 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you need help, please contact our office at 406-755-7000 . You need an online service to view this article in its entirety.

      Have an online subscription?

      Login Now

      Need an online subscription?

      Subscribe

      Login

      Choose an online service.

        Current print subscribers

          Welcome to the discussion.

          AP Montana