Kulicke & Soffa Completes Cerprobe Tender Offer

Kulicke & Soffa

(KLIC) - Get Report

received 92.5% of the shares of semiconductor equipment maker

Cerprobe

(CRPB)

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.