Reuters: Money News: Applied Materials, Tokyo Electron deal would create titan

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Applied Materials, Tokyo Electron deal would create titan Sep 25th 2013, 00:30 REUTERS - Applied Materials Inc will buy rival Tokyo Electron Ltd in an all-stock deal valued at more than $7 billion, combining the No.1 and No.3 makers of chip-making gear as demand for their products slows and it gets tougher to turn a profit.

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