On Thursday, Shares of Lam Research Corporation (NASDAQ:LRCX), added 4.18% and closed at $100.19 in the last trading session. The last trading range of the stock ranges between $97.82 and $100.47. Lam Research Corp. (LRCX) and KLA-Tencor (KLAC) recently declared that they have mutually agreed to terminate their projected merger agreement. After careful review of recent antitrust agency feedback and evaluation of their options, both companies have decided that it is not in the best interest of their respective stakeholders to continue pursuing the merger. In accordance with terms set forth in the merger agreement, no termination fees will be payable by either company.
“We believe that this projected combination would have resulted in compelling benefits for our customers, employees and stockholders, in addition to accelerate innovation in the broader semiconductor industry, so we are disdesignated with the outcome. However, together with our customers, we have affirmed the value of closer cooperation between process and process control for new enabling solutions, for that reason, we plan to explore partnershipopportunities with KLA-Tencor around programs identified as beneficial to our customers,” said Martin Anstice, president and chief executive officer.
Bank of New York Mellon Corp (NYSE:BK), dropped -0.24% and closed at $40.73 in the last trading session. The last trading range of the stock ranges between $40.46 and $40.94. The company’s Market capitalization is $44.17 Billion with the total Outstanding Shares of 1.07 Billion. BNY Mellon, a global leader in investment administration and investment services, declared recently that its Board of Directors has elected Elizabeth Robinson, the former Global Treasurer of The Goldman Sachs Group, Inc., as an independent director, effective right away. With the addition of Robinson, BNY Mellon’s Board will have 12 directors, 11 of whom are independent. Robinson will also be included in BNY Mellon’s slate of nominees for election to the Board at the 2017 Annual Meeting of Shareholders.
“We are delighted to welcome Liz to our Board,” said BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell. “Liz will be a great asset to BNY Mellon as we continue to execute on our planned and regulatory programs.”
Robinson will join the Finance and Risk Committees of BNY Mellon’s Board of Directors.
Robinson, 47, joined Goldman Sachs in 1990 in the Investment Banking Division. She became the Global Treasurer in 2005 and a partner in 2006. As Treasurer, Robinson managed Goldman Sachs’ liquidity risk, balance sheet, and capital, funded the firm’s global businesses and worked with external stakeholders. Robinson stepped down as Treasurer at the end of 2015 and, until August 2016, served as an Advisory Director and a member of the Board of Directors of Goldman Sachs Bank USA.
Hartford Financial Services Group Inc (NYSE:HIG), lost -1.00% and closed at $43.69 in the last trading session. The last trading range of the stock ranges between $43.66 and $44.61. During the 52-week trading session the minimum price at which share price traded, registered at $36.54 and reached to max level of $49.41. Two-time U.S. Paralympian Brad Snyder was named Male Athlete of the Paralympic Games, presented by The Hartford at the Team USA Awards presented by Dow, Best of the Games ceremony. Snyder won three gold medals and tied for silver at the Rio 2016 Paralympic Games. He defended his Paralympic titles in the 400- and 100-meter freestyle events, while breaking a 30-year-old world record in the 100 freestyle.
“Brad and Team USA’s amazing athletic performance demonstrated to the world that people are defined by their ability, not their physical limitations,” said Michael Concannon, executive vice president of Group Benefits at The Hartford. “We congratulate Brad and all of the U.S. Paralympic athletes who represented our country so successfully at this year’s Games.”