MNV
Market News Video
MNV MNV 10 Oversold Stocks You Need To Know About
MNV
MNV
MNV
MNV
MNV
MNV
MNV


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteValueForum has meant the difference between mediocre
and stellar stock performance.
more testimonials »

Lam Research to Acquire Novellus Systems
Thursday, December 15, 10:41 AM ET

Lam Research (NASDAQ:LRCX) said late yesterday it has agreed to acquire Novellus Systems (NVLS) in an all-stock transaction valued at $3.3 billion.

The deal values Novellus at $44.42 per share, and upon closing Lam shareholders will own 59% of the company, and Novellus shareholders will own 41%.

Lam said the combination of the two semiconductor equipment companies will create $100 million in total cost synergies on an annualized basis by the fourth quarter of 2013.

The acquisition is expected to be accretive to Lam's non-GAAP earnings within a year after the transaction closes, expected in the second calendar quarter of 2012. The transaction has been approved by the boards of both companies.

Lam also announced a $1.6 billion common stock repurchase program, replacing its existing program and targeted for the first 12 months following the close of the Novellus acquisition.

The companies compete with other chip equipment companies like Applied Materials (NASDAQ:AMAT) and ASM International (ASMI).

Novellus shares are surging on the news, while Lam Research shares are ticking lower.

For MarketNewsVideo.com, I'm Sayoko Murase.

Lam Research to Acquire Novellus Systems picture
Friday 5/25 Insider Buying Report: EVOP, CNNEFriday 5/25 Insider Buying Report: EVOP, CNNE
Related symbols: EVOP,CNNE
Friday 5/25 Insider Buying Report: CWHFriday 5/25 Insider Buying Report: CWH
Related symbols: CWH
Thursday 5/24 Insider Buying Report: QTS, ENTThursday 5/24 Insider Buying Report: QTS, ENT
Related symbols: QTS,ENT
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
Nasdaq 100 Movers: ROST, BMRN Nasdaq 100 Movers: ROST, BMRN
Related symbols: ROST,BMRN,ADSk,AAL
S&P 500 Movers: GPS, FL S&P 500 Movers: GPS, FL
Related symbols: GPS,FL,LUK,DGX
Dow Movers: CVX, DIS Dow Movers: CVX, DIS
Related symbols: CVX,DIS,XOM,UNH
S&P 500 Analyst Moves: ABT S&P 500 Analyst Moves: ABT
Related symbols: ABT
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: AS&P 500 Analyst Moves: A
Related symbols: A
S&P 500 Analyst Moves: TAPS&P 500 Analyst Moves: TAP
Related symbols: TAP
Friday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Refining & Marketing StocksFriday Sector Laggards: Oil & Gas Exploration & Production, Oil & Gas Refining & Marketing Stocks
Related symbols: EGY,PES,CVRR,CLNE
Friday Sector Leaders: Airlines, General Contractors & BuildersFriday Sector Leaders: Airlines, General Contractors & Builders
Related symbols: SAVE,ALK,LEN,HOV
Thursday Sector Laggards: Agriculture & Farm Products, Music & Electronics StoresThursday Sector Laggards: Agriculture & Farm Products, Music & Electronics Stores
Related symbols: LUK,SANW,BBY,RCII
Friday's ETF with Unusual Volume: EPSFriday's ETF with Unusual Volume: EPS
Related symbols: EPS,MU,GE,DGX,GPS
Friday's ETF Movers: ITB, OIHFriday's ETF Movers: ITB, OIH
Related symbols: LEN,HOV,NBR,WFT,OIH,ITB
RSX, UDN: Big ETF Outflows RSX, UDN: Big ETF Outflows
Related symbols: RSX,UDN,MBT,YNDX
Daily Dividend Report: DXC, AMT, SYY, EXR, MCDDaily Dividend Report: DXC, AMT, SYY, EXR, MCD
Related symbols: DXC,AMT,SYY,EXR,MCD
Daily Dividend Report: TIF, TD, BG, TMO, BLKDaily Dividend Report: TIF, TD, BG, TMO, BLK
Related symbols: TIF,TD,BG,TMO,BLK
Daily Dividend Report: BGS, DCI, OMC, FL, MAADaily Dividend Report: BGS, DCI, OMC, FL, MAA
Related symbols: BGS,DCI,OMC,FL,MAA
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Portfolio Channel Stock Market Definitions
MNV

Lam Research to Acquire Novellus Systems | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.