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Tokyo Electron flooded with buy orders after Applied Materials news
September 25, 2013 / 12:46 AM / 4 years ago

Tokyo Electron flooded with buy orders after Applied Materials news

TOKYO, Sept 25 (Reuters) - Tokyo Electron Ltd shares were untraded with a glut of buy orders on Wednesday following news that the maker of chip-making gear will be acquired by Applied Materials Inc in an all-stock deal valued at more than $7 billion.

Tokyo Electron shares were quoted at 5,550 yen, up 14 percent from Tuesday’s close and at their daily limit.

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