New York, October 06, 2016 -- Moody's Investors Service confirmed KLA-Tencor Corporation's (KLA) Baa2 senior unsecured rating following the company's announcement today that the board of directors of both KLA and Lam Research Corporation agreed to terminate their proposed $10.6 billion merger, previously announced in October 2015. The ratings outlook is stable. This concludes a review for upgrade initiated on October 21, 2015.
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