MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
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
QuoteThis site is a gem, it is a site for learning, sharing
and especially making money.
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 (NASDAQ: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 2/17 Insider Buying Report: AGYS, CTLTFriday 2/17 Insider Buying Report: AGYS, CTLT
Related symbols: AGYS,CTLT
Thursday 2/16 Insider Buying Report: DVMT, JFRThursday 2/16 Insider Buying Report: DVMT, JFR
Related symbols: DVMT,JFR
Wednesday 2/15 Insider Buying Report: TWTR, COTYWednesday 2/15 Insider Buying Report: TWTR, COTY
Related symbols: WTWTR,COTY
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: ALXN, KHCNasdaq 100 Movers: ALXN, KHC
Related symbols: ALXN,KHC
S&P 500 Movers: CPB, KHCS&P 500 Movers: CPB, KHC
Related symbols: CPB,KHC
Dow Movers: UNH, WMTDow Movers: UNH, WMT
Related symbols: UNH,WMT
S&P 500 Analyst Moves: HBIS&P 500 Analyst Moves: HBI
Related symbols: HBI
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: HOLXS&P 500 Analyst Moves: HOLX
Related symbols: HOLX
S&P 500 Analyst Moves: SLBS&P 500 Analyst Moves: SLB
Related symbols: SLB
Friday Sector Laggards: Precious Metals, Construction StocksFriday Sector Laggards: Precious Metals, Construction Stocks
Related symbols: AUY,HBM,GVA,MTZ
Friday Sector Leaders: Aerospace & Defense, Shipping StocksFriday Sector Leaders: Aerospace & Defense, Shipping Stocks
Related symbols: LMIA,BA,CAI,GSL
Thursday Sector Laggards: Specialty Retail, Education & Training ServicesThursday Sector Laggards: Specialty Retail, Education & Training Services
Related symbols: BBW,VSI,STRA,CECO
Friday's ETF with Unusual Volume: VONGFriday's ETF with Unusual Volume: VONG
Related symbols: VONG,GRPN,FCX,ANET,NUS
Friday's ETF Movers: KXI, GDXFriday's ETF Movers: KXI, GDX
Related symbols: KHC,CL,AUY,HMY,GDX,KXI
ITR, DXJH: Big ETF OutflowsITR, DXJH: Big ETF Outflows
Related symbols: ITR,DXJH
Daily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDXDaily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Related symbols: MPW,NHI,XRAY,XL,ABT,NKE,FDX
Daily Dividend Report: KO, CSCO, SHW, KHC, OXY, PCG, SWKDaily Dividend Report: KO, CSCO, SHW, KHC, OXY, PCG, SWK
Related symbols: KO,CSCO,SHW,KHC,OXY,PCG,SWK
Daily Dividend Report: ADI, GPI, CPG, ZTS, CMIDaily Dividend Report: ADI, GPI, CPG, ZTS, CMI
Related symbols: ADI,GPI,CPG,ZTS,CMI
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 - Video Widget
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 - 2017, 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.