Applied Materials to Raise Stake in BE Semiconductor to 20%
Applied Materials said it would increase its stake in BE Semiconductor Industries to 20% of outstanding shares. BE Semiconductor shares rose 9.2% to 13.40 euros in morning European trade.
By Joe StonorBe Semiconductor Industries shares jumped after fellow semiconductor-equipment maker Applied Materials said it would increase its stake in the company to 20% of outstanding shares.Shares rose 9.2% to 13.40 euros in morning European trade, helping to lift the stock away from year-to-dat…