Cleary Gottlieb is representing Applied Materials Inc. (Applied) on the antitrust aspects of its proposed acquisition of Kokusai Electric Corp. (Kokusai Electric).
Applied announced on July 1, 2019, an agreement to acquire all outstanding shares of Kokusai Electric for $2.2 billion in cash from global investment firm KKR.
Applied, a California-based semiconductor manufacturing equipment company, is a leader in materials engineering solutions used to produce advanced chips and displays. Kokusai Electric is a leading company in providing high-productivity batch processing systems and services. These systems complement Applied’s portfolio in single-wafer processing systems.