Applied Materials Calls Off Its Merger With Tokyo Electron Due To Regulatory Snag

More than eighteen months after announcing a deal to acquire its Japanese rival Tokyo Electron, U.S. based semiconductor equipment manufacturer, Applied Materials (NASDAQ: AMAT) announced yesterday that the deal will not go through due to regulatory concerns. Applied Materials announced an agreement to buy Tokyo Electron in September 2013 in an all-stock deal valued at nearly $9.3 billion. In February 2014, Applied Materials announced that this strategic merger would result in the formation of a...