Tags: Kokusai Electric

Applied Materials is making a forceful procurement

Intel – supplier Applied Materials (ticker: AMAT) is purchasing semiconductor equipment producer Kokusai Electric for $2.2 billion in cash from KKR and Co. (KKR). Applied is paying under eight times earnings before interest, taxes, depreciation and amortization, or Ebitda, a big discount to its own valuation numerous. That has investors excited, and Applied Materials stock…