<p>Applied Materials, Inc. (NASDAQ: AMAT), a semiconductor equipment manufacturer, announced on Tuesday it will acquire Tokyo Electron in an all-stock transaction that would create a $29 billion global company. Applied Materials shareholders will own 68 percent of the new company, and Tokyo Electron shareholders will receive 3.25 shares for every existing share. </p><p> </p><p>On Tuesday, shares of Applied Materials jumped 7 percent to $17.11 in morning trading. </p><p> </p><p>Video Credit: Reuters</p>
