KLA-Tencor combination with Lam Research terminated; lowering KLA fair value to $65.
Lam Research and KLA-Tencor provided an update on Aug. 10 about their pending merger that cast doubts on whether the deal would obtain the required regulatory clearances. In the joint press release, the companies said that getting the blessings of one or more competition authorities in the U.S., Korea, Japan, and China may extend beyond the planned closing date of Oct. 20, 2016, thus marking a third delay in the deal, which was proposed in October 2015.ÂAs a result, the market reacted strongly,...
KLA is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company provides process control and process-enabling solutions for manufacturing and testing wafers and reticles, integrated circuits, packaging, light emitting diodes, power devices, compound semiconductor devices, microelectromechanical systems, data storage, printed circuit boards (PCBs), and flat and flexible panel displays, as well as general materials research. The company has four reportable segments which include Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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