Arab Today, arab today tokyo electron shares soar on us merger deal
Last Updated : GMT 12:46:12
Arab Today, arab today
Arab Today, arab today

Tokyo Electron shares soar on US merger deal

Arab Today, arab today

Arab Today, arab today Tokyo Electron shares soar on US merger deal

Tokyo - AFP

Tokyo Electron shares soared around 14 percent Wednesday morning on news of a multi-billion dollar merger between the Japanese chip and panel giant and US-based Applied Materials. Investors cheered the corporate marriage announced late Tuesday to create a $29 billion firm, which the companies said would slash costs and better meet customer needs on the back of surging demand for mobile gadgets, such as smart phones and tablet computers. The deal is slated to close next year pending regulatory approval, they said. Tokyo Electron\'s stock jumped 13.60 percent to 5,510 yen ($56) in morning trade on Japan\'s biggest stock exchange, with the US firm\'s shares up about 9.0 percent on Wall Street overnight. However, the merger appeared more like a takeover by Applied Materials with the US firm\'s shareholders to own about 68 percent of the new company, while 32 percent would go to Tokyo Electron stockholders. The new company\'s headquarters will be located both in Santa Clara, California and Tokyo. It would be incorporated in the Netherlands. Efforts to paint the deal as a merger of equals may have been aimed at selling the tie-up in Japan where foreign takeovers of domestic firms -- particularly a major corporate name such as Tokyo Electron -- are extremely rare. The firms, which produce tools to make semiconductors and display panels, count US-based chip giant Intel and South Korea\'s Samsung as customers. Nomura Securities analyst Tetsuya Wadaki said the merger could give both companies more muscle in negotiating deals with customers. Semiconductor production equipment makers \"have been seeking to change their business model to one based on services/maintenance or the collection of fees, from one based only on the sale of equipment\", Wadaki told Dow Jones Newswires. \"The burden of negotiating this change to the sales platform with customers has become too great for any one company to bear on its own.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tokyo electron shares soar on us merger deal Arab Today, arab today tokyo electron shares soar on us merger deal

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday