Nomura Securities Downgrades Lam Research (LRCX) to Neutral
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Cowen Bullish on Lam Research/KLA-Tencor Deal Amid Delay; Affirms Lam Research at 'Outperform' (LRCX)
August 10, 2016 3:59 PM EDTCowen and Company affirms Lam Research (Nasdaq: LRCX) at Outperform with a price target of $95 following news of a delay in closing its deal with KLA-Tencor.
Analyst Tim Arcuri commented today: Time kills M&A deals and most consummated deals don't extend much beyond 12mos. Having said that, we continue to see the holdup here related to procedural remedies and KLAC's status as a "process neutral"... More
Needham & Company Sees Lam Research (LRCX), KLA-Tencor (KLAC) Closing Deal in H117 Amid Regulatory Risks
August 10, 2016 2:09 PM EDTNeedham & Company affirms Lam Research (Nasdaq: LRCX) with a Buy rating and $105 price target amid news of a delay to its merger with KLA-Tencor this morning.
Analyst Y. Edwin Mok commented today, Before market open, LRCX and KLAC issued a press release effectively pushing out the timeline of achieving regulatory clearance for its acquisition of KLAC [Hold]. This is the third time the target date has been delayed, extending the regulatory... More
Lam Research (LRCX), KLA-Tencor (KLAC) Update on Merger; Sees Extension to Obtain Regulatory Clearances
August 10, 2016 8:48 AM EDTLam Research Corporation and KLA-Tencor Corporation provided an update on their planned business combination. As previously disclosed, the parties continue to discuss their proposed merger, including potential remedies, with the staff of the Department of Justice (the "DOJ"), and with competition authorities in Korea, Japan and China. The companies... More
