Kulicke & Soffa Completes Cerprobe Tender Offer
Kulicke & Soffa
(KLIC) - Get Kulicke and Soffa Industries Inc. Report
received 92.5% of the shares of semiconductor equipment maker
Cerprobe
(CRPB)
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and will now proceed to complete the acquisition by acquiring the rest of the stock.
The $20-a-share tender offer for all of Cerprobe's shares expired at midnight Wednesday.
Shares of Cerprobe closed Wednesday at $19.94 in
Nasdaq
trading, while shares of Kulicke & Soffa were recently trading up 3%, or 31 cents, to $10.81.
Kulicke & Soffa, a semiconductor assembly equipment supplier, also said it received notices of guaranteed delivery for 2.7% of the outstanding shares that have not yet been validly tendered.
