Jones Day Helps Lam Research Pick Up Novellus For $3B

Law360, New York (December 14, 2011, 9:29 PM EST) -- Lam Research Corp. will pick up San Jose, Calif.-based Novellus Systems Inc. in a $3.3 billion all-stock deal that combines two leading manufacturers of semiconductor equipment, the companies announced Wednesday.

The merged company will retain the Lam Research name and will combine the companies' complementary product lines, including Lam Research's etch and single-wafer clean equipment and Novellus' thin-film deposition and surface preparation technologies, the companies said.

The merger is expected to allow the companies to grow faster and lead the industry more effectively than either could...
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