Verigy Gets Raised Bid From Advantest

CUPERTINO, California ( TheStreet) -- Verigy ( VRGY) said Thursday it received a revised proposal from Advantest ( ATE) to acquire it for $15 a share in cash.

Verigy said its board isn't making any recommendations to shareholders on the offer, but said it would be talking to Advantest.

Advantest had offered $12.15 a share for Verigy earlier this month.

Verigy said Thursday its board continues to recommend a merger with LTX-Credence ( LTXC) that was agreed to back in November.

Verigy shares closed Wednesday at $12.63.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

More from Technology

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists