This is a summary. To read the whole story subscribe to BostonGlobe.com
NEW YORK — What may have been the most auspicious deal of late was not the biggest or the most groundbreaking of mergers. It was just one that took a little gumption.
In September, Applied Materials, a California maker of semiconductor manufacturing equipment, agreed to acquire its rival, Tokyo Electron, in a deal valued at more than $9 billion.
As an all-stock, cross-border deal, it was the kind of tricky merger that telegraphed executives’ confidence and an appetite to make even slightly risky deals.
“It was when the light bulb went on,” a senior dealmaker said.
While global dealmaking was basically flat for a fourth consecutive year, annual volume in the United States was up 11 percent in 2013 compared with the previous year, according to Thomson Reuters.
Full story for BostonGlobe.com subscribers.
Get the full story with unlimited access to BostonGlobe.com.
Just 99 cents for four weeks.