B. Riley Upgrades KLA-Tencor (KLAC) to Buy
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Lam Research Announces Termination of Proposed Combination With KLA-Tencor
October 5, 2016 6:00 PM EDTFREMONT, CA -- (Marketwired) -- 10/05/16 -- Lam Research Corp. (NASDAQ: LRCX) and KLA-Tencor (NASDAQ: KLAC) today announced that they have mutually agreed to terminate their proposed merger agreement. After careful review of recent antitrust agency feedback and evaluation of their options, both companies have decided that it is not in the best interest of their respective stakeholders to continue pursuing the merger. In accordance with terms set forth in the merger agreement, no termination fees will be payable by either company.
"We believe that this proposed combination would... More
KLA-Tencor Announces Termination Of Merger Agreement With Lam Research
October 5, 2016 6:00 PM EDTMILPITAS, Calif., Oct. 5, 2016 /PRNewswire/ --Â KLA-Tencor Corporation (NASDAQ: KLAC) (the "Company") and Lam Research Corp. (NASDAQ: LRCX) today announced that they have agreed to terminate their proposed merger agreement. The parties decided to it was not in the best interests of their respective stakeholders to continue pursuing the merger after the U.S. Department of Justice (the "DOJ") advised KLA-Tencor and Lam Research that it would not continue with a consent decree that the parties had been negotiating. No termination fees will be... More
