Goldman Sachs Reinstates Applied Materials (AMAT) at Buy
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Nomura Securities Downgrades Applied Materials (AMAT) to Neutral on TEL Deal Termination
April 28, 2015 9:35 AM EDTNomura Securities downgraded Applied Materials (NASDAQ: AMAT) from Buy to Neutral with a price target of $22.00 (from $30.00) after the company and Tokyo Electron terminated their merger agreement.
Analyst Romit Shah commented, "We had been bullish on Applied Materials. Our thesis was that the... More
Applied Materials (AMAT) Announces $3B Share Repurchase Plan Amid Merger Termination
April 27, 2015 6:15 AM EDTWith news the company and and Tokyo Electron have terminated merger plans, Applied Materials (NASDAQ: AMAT) anounced that its Board of Directors has approved a new share repurchase program authorizing up to $3 billion in repurchases over the next three years beginning in the... More
Applied Materials (AMAT), Tokyo Electron Terminate Merger
April 27, 2015 6:13 AM EDTOvernight, Applied Materials (NASDAQ: AMAT) and Tokyo Electron Limited (TSE:8035) announced that they have agreed to terminate their Business Combination Agreement (BCA). No termination fees will be payable by either party.
The decision came after the U.S. Department of Justice (DoJ) advised the parties that the coordinated remedy proposal... More
