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Applied Materials sees clock ticking for Kokusai deal amid possible China indecision

By Yonnex Li ( March 26, 2021, 10:00 GMT | Insight) -- The deadline for  US chip-equipment giant Applied Materials' proposed takeover of smaller Japanese rival Kokusai Electric is fast approaching, with China yet to publicly announce a green-light for the potentially anticompetitive $3.5 billion deal. Applied Materials will treat the buyout plan as terminated if it doesn't hear from China within the day today.The deadline for US chip-equipment giant Applied Materials' proposed takeover of smaller Japanese rival Kokusai Electric is fast approaching, with China yet to publicly announce a green-light for the potentially anticompetitive $3.5 billion deal....

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