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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Applied Materials    AMAT

APPLIED MATERIALS

(AMAT)
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Applied Materials : to Buy Kokusai Electric from KKR for $2.2 Billion -- Update

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07/01/2019 | 06:52am EDT

By Chris Wack

Applied Materials said Monday that it is buying Kokusai Electric Corp. for $2.2 billion in cash from global investment firm KKR & Co. (KKR).

Applied Materials said in a release that, following the close of the transaction, Kokusai Electric will operate as a business unit of its Semiconductor Products Group and continue to be based in Tokyo.

Applied Materials said the acquisition is expected to be immediately accretive to its adjusted earnings per share at close.

In case the deal fails to go through, under certain conditions Applied Materials will pay KKR a termination fee equal to $154 million in cash.

Applied Materials expects to finance the transaction using a combination of balance sheet cash and a term loan facility. The transaction is expected to close within 12 months.

Write to Chris Wack at chris.wack@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
APPLIED MATERIALS 6.11% 50.73 Delayed Quote.54.95%
KKR & CO INC 3.98% 26.14 Delayed Quote.33.16%
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Financials (USD)
Sales 2019 14 474 M
EBIT 2019 3 361 M
Net income 2019 2 786 M
Debt 2019 1 814 M
Yield 2019 1,63%
P/E ratio 2019 17,3x
P/E ratio 2020 14,1x
EV / Sales2019 3,41x
EV / Sales2020 3,10x
Capitalization 47 489 M
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Technical analysis trends APPLIED MATERIALS
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 51,92  $
Last Close Price 50,73  $
Spread / Highest target 28,1%
Spread / Average Target 2,35%
Spread / Lowest Target -21,2%
EPS Revisions
Managers
NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Ginetto Addiego Senior VP-Engineering, Operations & Quality
Daniel J. Durn Chief Financial Officer & Senior Vice President
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
APPLIED MATERIALS54.95%44 755
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NAURA TECHNOLOGY GROUP CO LTD--.--%4 457
ASM INTERNATIONAL72.38%3 454
BE SEMICONDUCTOR INDUSTRIES NV36.92%2 055
SHENZHEN SC NEW ENERGY TECHNOLOGY CORP--.--%1 310