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Telecomunicaciones y tecnología

Applied Materials to buy Varian for $4.9 billion


    (Reuters) - Chip equipment maker Applied Materials said it will buy rival Varian Semiconductor Equipment for $4.9 billion in cash.

    The $63-per-share deal represents a 55 percent premium to Varian stock's closing price on Tuesday.

    The deal is expected to add to Applied Materials' adjusted earnings in the first year, it said.

    Varian is a supplier of ion implantation equipment used by chipmakers around the world.

    Varian shares closed at $40.55 on Tuesday on Nasdaq. (Reporting by Himank Sharma in Bangalore; Editing by Gopakumar Warrier)