NEW YORK -- Applied Materials' $3.5 billion acquisition of Kokusai Electric from investment firm KKR has failed to receive approval from Chinese regulators, jeopardizing the deal as its final deadline nears, the major U.S. chipmaking equipment supplier warned Monday.
Business deals
China hurdle threatens Applied Materials' bid for Kokusai Electric
No green light from regulators by Friday would mean a $154m termination fee for KKR
