Article: Applied Materials buys coating firm: IT WILL PAY $464 MILLION TO ENTER SOLAR MARKET.

Byline: Dean Takahashi

May 5--Edging its way into the hot market for solar technology, semiconductor-equipment maker Applied Materials agreed to buy Applied Films on Thursday for $464 million. Applied Films, based in Longmont, Colo., makes equipment that deposits thin layers of molecules on devices. The equipment is used to make flat-panel displays, solar cells, flexible electronics and coated, energy-efficient glass. Under the deal, Santa Clara-based Applied Materials will pay $28.50 a share in cash. Since Applied Films has $161 million in its own coffers, the net purchase price is $303 million. Applied Materials will assume Applied Films' stock options and ...

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