Applied Materials sweetens bid for KKR-owned Kokusai Electric to $3.5b

Applied Materials sweetens bid for KKR-owned Kokusai Electric to $3.5b

Photo: Reuters

Applied Materials Inc., one of the largest makers of machines used to manufacture semiconductors, said it raised its offer for KKR & Co.-owned Kokusai Electric Corp. by 59%, citing higher valuations in a growing industry. It also extended the closing deadline by almost three months.

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