KLA-Tencor (KLAC) to Raise Dividend to $0.54/Share from $0.52/Share
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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
KLA-Tencor Increases Quarterly Dividend Level To $0.54 Per Share From $0.52 Per Share
October 5, 2016 6:00 PM EDTMILPITAS, Calif., Oct. 5, 2016 /PRNewswire/ -- KLA-Tencor Corporation(R) (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 2016. This represents a four percent increase compared to the prior quarterly dividend, and is the eighth quarterly dividend increase since KLA-Tencor first instituted its dividend policy in April 2005.
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