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

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