Applied Materials Planned Acquisition of Varian Semiconductor Receives Clearance from the Ministry of Commerce of the People's Republic of China
Posted on November 7, 2011 @ 08:40 am
Applied Materials,Inc. announced that it has received notice from the Chinese Ministry of Commerce (MOFCOM) that it has approved the company’s proposed acquisition of Varian Semiconductor Equipment Associates, Inc. pursuant to an Agreement and Plan of Merger dated May 3, 2011. The MOFCOM clearance is the last of the regulatory approvals required to complete the merger. Applied expects to close the merger on Nov. 10, 2011 subject to the satisfaction or waiver of all remaining closing conditions set forth in the merger agreement.
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