Applied Materials to Acquire Kokusai Electric for $2.2B (Raised Offer to $3.5B)
January 4, 2021
Applied Materials has agreed to acquire Kokusai Electric for $2.2 billion in cash from KKR, with the deal expected to close within a year subject to regulatory approvals. A later report said Applied increased its offer to $3.5 billion and extended the closing deadline to March 19 to secure Chinese regulatory approval.
- Buyers
- Applied Materials, Inc., KKR & Co.
- Targets
- Kokusai Electric Corporation
- Sellers
- KKR
- Industry
- IT Services
- Location
- Tokyo, Japan
- Transaction Type
- Buyout
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