Tokyo Electron, US-based Applied Materials, scrap merger

Tokyo Electron, US-based Applied Materials, scrap merger

AFP Japanese semiconductor equipment maker Tokyo Electron and US rival Applied Materials cancelled their merger Monday after US competition regulators rejected the multi-billion dollar deal. The announcement comes several days after Comcast and Time Warner Cable scrapped their mega-merger plans, due to opposition by the US Department of Justice to the whopping $45 billion tie-up of the cable and …

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