Max groundings, flight cancellations and delays linked to a labor dispute and winter storms reduced first-quarter net income by $150 million and revenue by $200 million.
Kokusai Electric will operate as a business unit of Applied’s Semiconductor Products Group.
Susanne Klatten, who together with her brother Stefan Quandt own nearly half of BMW, pledged 1.12 million shares on Wednesday.
The chief executive officer of Third Point, which owns a stake in United Technologies, plans to vote against the deal.
The cutbacks are a key part of Chief Executive Officer Jim Hackett’s $11 billion restructuring.