Lam Research (NASDAQ:LRCX) agrees to acquire Novellus Systems (NASDAQ:NVLS-OLD) in an all-stock transaction valued at $3.3B. NVLS shareholders will receive 1.125 shares of LRCX for each of their shares, valuing NVLS at $44.42/share, or ~12.5% above its closing price today. Lam also announces a $1.6M common stock repurchase program. NVLS +10.2% before trading halted, LRCX -3% AH.
Lam Research (NASDAQ:LRCX) agrees to acquire Novellus Systems (NASDAQ:NVLS-OLD) in an all-stock...
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| Symbol | Last Price | % Chg |
|---|---|---|
| LRCX | - | - |
| Lam Research Corporation | ||