Applied Materials SP dropped 8% yesterday: « Tokyo Electron shares sink after takeover by Applied Materials scrapped »

http://www.reuters.com/article/2015/04/28/us-tokyo-electron-applied-material-cance-idUSKBN0NI17A20150428

« The all-share purchase - a rare foreign bid for a Japanese firm - would have combined the No.1 and No. 3 makers of the equipment that makes semiconductor chips into a group with a stock market value of more than $38.5 billion. »

The new group (“Eteris”), aimed at spurring profit growth in both companies, improving their competitiveness, by optimising actually their investments in R&D...

Maybe and simply, Applied Materials just does not need to strive officially towards that fusion project anymore...

Tokyo Electron dropped 15%...

The same day, PTK confirms the Appointment of our new Chief Operating Officer…from Applied Materials.

A picture I would like to see again on June 12, 2015: http://thefoundryfiles.com/tag/ajit-manocha/#jp-carousel-803