KKR to fetch $3.5B for Kokusai
January 5, 2021- Share:
Applied Materials has agreed to amend its existing agreement to acquire Kokusai Electric from KKR, increasing the price from $2.2 billion to $3.5 billion. Based in Japan, Kokusai is a provider of manufacturing equipment and other services for the semiconductor industry. Applied cited "a more favorable long-term outlook for the overall semiconductor equipment market" as a reason for the increase from the original agreement, which was struck in 2019.
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