Tokyo Electron shares sink after takeover by Applied Materials scrapped

Tokyo Electron Ltd shares plunged 15 percent on Tuesday to a six-month low after U.S. regulatory opposition forced the scrapping of its planned takeover by U.S.-based Applied Materials Inc . The all-share purchase - a rare foreign bid for a Japanese firm - would have combined the No.1 and No. 3 makers of the equipment that makes semiconductor chips into a group with a stock market value of more than $38.5 billion. Tokyo Electron shares fell as much as 14.8 percent in early trade to 6,555 yen, hi