Applied Materials CEO Moving Family to Tokyo in Big Deal
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Applied Materials Inc. Chief Executive Officer Gary Dickerson has cut deals throughout his career in the semiconductor industry. In landing his biggest purchase, he’s even moving his family to Tokyo from California, people with knowledge of the matter said.
Applied Materials agreed this week to acquire Tokyo Electron Ltd. for $9.39 billion in stock in one of the largest purchases of a Japanese company by an overseas buyer. Dickerson spent nine months working out the details of the deal and prevailed over resistance in Japan to foreign takeovers.