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Lam, KLA Call Off Deal: Bulls Are Just Fine With That

Shares of chip equipment makers Lam Research (LRCX) are up $2.13, or over 2%, at $98.30, after the company last night announced it agreed with KLA-Tencor (KLAC) to terminate their proposed merger, as it became clear, following multiple delays, getting approval from the U.S. Department of Justice was not going to be work out. The deal was first announced on October 21st of last year.
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