A PYMNTS Company

US: Tokyo Electron holds off on Applied Materials merger

By  |  November 30, 2014

Japan-based Tokyo Electron has announced plans to hold off on its planned merger of US rival and industry leader Applied Materials as antitrust regulators review the deal, say reports.

Tokyo Electron announced last Friday that it would delay completion of the deal, which would relocate their merged units to the Netherlands, as several global jurisdictions investigate the transaction. Antitrust authorities in China, Japan and the US are all taking longer than expected to complete their merger investigations, Tokyo Electron said.

The companies had originally sought to complete the merger in the second half of this year; now, the Japanese company says, the deal will most likely be completed in March.

Full content: Global Post

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.