Cohu to Acquire Xcerra
May 8, 2018
Cleary Gottlieb is representing Cohu, Inc. in connection with its acquisition of Xcerra Corporation, in a cash and stock transaction valued at approximately $796 million.
The transaction was announced on May 8, 2018, and is expected to close in the second half of 2018, subject to customary closing conditions including stockholder and regulatory approvals. Xcerra’s shareholders will receive, for each Xcerra share, $9.00 in cash and 0.2109 of a share of Cohu common stock.
Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. Xcerra provides a broad spectrum of semiconductor and PCB test expertise that drives innovative new products and services, and the ability to deliver to customers fully integrated semiconductor test cell solutions.