$29B Applied-Tokyo Electron Deal To Get Close Antitrust Look

Law360, New York (September 24, 2013, 10:19 PM EDT) -- The terms of the $29 billion merger Applied Materials Inc. and Tokyo Electron Ltd. announced Tuesday effectively require the companies to shed up to $600 million worth of assets if needed to win regulatory approval for the deal, suggesting the parties expect to have to make at least a few divestitures to secure antitrust approval.

The two companies, which produce electronics components such as liquid-crystal display screens and microchips, described their combination Tuesday as a merger of equals, though Applied Materials will end up with the...
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