M/20/028 - Applied Materials/Kokusai Electric [2020] IECompA m20028 (9 October 2020)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition and therefore cleared the transaction.

Parties: Acquirer: Applied Materials, Inc.; Target: Kokusai Electric Corporation
Jurisdiction: Ireland
Judgment Date: 09 October 2020
Procedural Posture: Merger Notification / Phase 1 Clearance
Outcome: cleared
Legal Topics: Merger Control, Acquisition, Sole Control

Competition Law Merger Control Acquisition Sole Control

Case Brief

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Parties

Applied Materials, Inc.

Acquirer

Kokusai Electric Corporation

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of sole control by Applied Materials, Inc. over Kokusai Electric Corporation complies with Irish competition law and does not substantially lessen competition.

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition and therefore cleared the transaction.

Court Disposition

cleared

Orders

The proposed acquisition by Applied Materials, Inc. of sole control of Kokusai Electric Corporation is cleared.