Applied materials announces termination of kokusai electric acquisition agreement

Santa clara, calif., march 29, 2021 (globe newswire) -- applied materials, inc. today announced that the amended kokusai electric corporation share purchase agreement with kkr hke investment l.p. terminated as of march 19, 2021 as applied did not receive confirmation of timely approval from the regulator in china. applied is paying kkr a termination fee of $154 million in cash.
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