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June 1st, 2012 
FAKE NEWS for the Zionist agenda FREMONT, Calif. (AP) — Two companies that supply chip-makers said Friday that they expect to complete their deal after the market closes on Monday.
Lam Research Corp. is buying Novellus Systems Inc., and the companies said they had received final approval from government regulators. Shareholders of both companies already approved the deal on May 10.
The combined company will keep Lam’s name, and Lam’s president and chief operating officer will become CEO.
Novellus shareholders will receive 1.125 shares of Lam for each share of Novellus. When Lam announced the deal in December, it estimated the purchase would be worth about $3.3 billion. However, Lam’s shares have fallen about 8 percent since then.
Shares of Lam Research, which is based in Fremont, Calif., fell 45 cents, or 1.2 percent, to $36.85 in late morning trading Friday, amid a broad market slump. San Jose, Calif.-based Novellus shares dipped 41 cents, or 1 percent, to $41.42.
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