Page 5 - Maelzer Gmbh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cohu Announces Divestment of Its PCB Test Business
Cohu, Inc., a global leader in back-end semiconductor equipment and services, announced that it has entered into a definitive agreement with Mycronic AB (MYCR.ST) (Mycronic), a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment, under which Mycronic will acquire atg Luther & Maelzer GmbH and other affiliated entities and assets related to Cohu’s Printed Circuit Board Test Group (PTG) business. The purchase price of approximately $125 million will be paid in cash at close, subject to adjustment for certain closing accounts. Cohu intends to use the expected net cash proceeds of approximately $95 to $100 million, after estimated transaction costs and taxes, to repay outstanding principal on its term loan facility. No regulatory approvals are expected to be required and the transaction is expected to be comple ....

Luther Maelzer Gmb , Cohu Printed Circuit Board Test Group , Cohu Inc , Maelzer Gmbh , Printed Circuit Board Test Group , Chief Executive Officer , தலைமை நிர்வாகி அதிகாரி ,