Warren Buffett's firm deepens its investment in the energy giant with an all-cash deal for its chemical division.
All-stock deal aims to create a diversified leader in the semiconductor sector, targeting high-growth AI and power device markets.
The deal will create a combined semiconductor equipment firm, but investors react cautiously to the terms, sending Axcelis stock down 3.4%.
Deal would be one of the largest in the utility sector, driven by surging power demand from AI and data centers.
Reports suggest BlackRock's Global Infrastructure Partners is nearing a deal, eyeing the energy provider's role in powering the AI boom.
All-stock 'merger of equals' aims to create a diversified powerhouse in the high-growth semiconductor market, though markets react differently.
The transaction aims to create a semiconductor equipment powerhouse, but investors react cautiously to the news.
The combination aims to create a diversified semiconductor equipment leader with a pro-forma revenue of $1.7 billion.