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