Piper Jaffray Downgrades KLA-Tencor (KLAC) to Neutral Amid Takeover

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Needham & Company Downgrades KLA-Tencor (KLAC) to Hold Following Takeover

October 22, 2015 7:33 AM EDT

Needham & Company downgraded KLA-Tencor (NASDAQ: KLAC) from Buy to Hold after the company agreed to be acquired by LRCX.

For an analyst ratings summary and ratings history on KLA-Tencor click here. For more ratings news on KLA-Tencor click here.

Shares of KLA-Tencor closed at $63.98 yesterday.

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UBS Downgrades KLA-Tencor (KLAC) to Neutral

October 22, 2015 7:17 AM EDT

UBS downgraded KLA-Tencor (NASDAQ: KLAC) from Buy to Neutral.

For an analyst ratings summary and ratings history on KLA-Tencor click here. For more ratings news on KLA-Tencor click here.

Shares of KLA-Tencor closed at $63.98 yesterday.

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Lam Research (LRCX), KLA-Tencor (KLAC) Enter $10.6B Merger Agreement

October 21, 2015 6:09 AM EDT

Lam Research (NASDAQ: LRCX) and KLA-Tencor Corporation (Nasdaq: KLAC) ("KLA-Tencor") today announced that they have entered into a definitive agreement, unanimously approved by the boards of directors of both companies, for Lam Research to acquire all outstanding KLA-Tencor shares in a cash and stock transaction.

KLA-Tencor stockholders will be entitled to elect to receive for the shares of KLA-Tencor stock they hold the economic equivalent of $32.00 in cash and 0.5 of a share of Lam Research common stock, in all-cash, all-stock, or mixed consideration, subject to proration as more fully... More