Lam Research (LRCX) halted, news pending (KLAC)

UBS Remains bullish as Lam Research (LRCX) Announces KLA Merger Cancellation

UBS reiterated a Buy rating and $105.00 price target on Lam Research (NASDAQ: LRCX) following the company's announced cancellation of a proposed merger with KLA. UBS had viewed Lam's decision to acquire KLA positively as Lam was addressing additional future growth opportunities. This Lam-KLA merger termination and the recent AMAT-Tokyo Electron... More

Lam Research (LRCX) Affirms Termination of KLA-Tencor (KLAC) Merger Agreement

Lam Research Corp. (Nasdaq: LRCX) and KLA-Tencor (Nasdaq: KLAC) 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... More

KLA-Tencor (KLAC) to Raise Dividend to $0.54/Share from $0.52/Share

KLA-Tencor Corporation (Nasdaq: KLAC) today announced that its board of directors has authorized an increase of the level of the company's quarterly dividend from $0.52 to $0.54 per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in November... More

KLA-Tencor (KLAC) halted, news pending

KLA-Tencor (NASDAQ: KLAC) halted, news pending. Along with merger partner Lam Research (NASDAQ: LRCX)