M&A Megadeals: Chips and Stones


December 16, 2011

Two large M&A transactions this week serve to end the dealmaking year of 2011 with a bang, one in the chip-making industry and the other in the construction materials market. Lam Research, a semiconductor manufacturing company, is acquiring rival Novellus Systems in an all-stock deal that values its peer at around USD3.3 billion, according to the WSJ.


Also widely reported this week was the news that Martin Marietta Materials is making a huge bid to acquire its rival, Vulcan Materials. Both companies are active in the construction industry, supplying stones and sand and other materials.


The Washington Post said that Vulcan Chairman and CEO Donald James, and Martin Marietta’s CEO C. Howard Nye communicated that the offer because Vulcan officials cut off negotiations that began over a year and a half ago. Vulcan’s shareholders issued a press release notifying shareholders of the unsolicited bid on Monday.

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