Feds Want More Info On Lam Research, KLA-Tencor Merger

By Markets MarketWatch Pulse

Lam Research Corp. and KLA-Tencor Corp. revealed Friday that the Department of Justice has requested more information about the two chip-equipment companies' proposed $10.6 billion merger. The companies said they are working with the Justice Department on a consent decree amid the so-called second request for additional info, and expect the merger to take place in the third quarter of the calendar year. The Department of Justice already helped to squash a large merger in the sector, when Applied Materials Inc. gave up on its proposed deal with Tokyo Electron Ltd. last year.

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