Teradyne to Pay $250M for Eagle Test Systems

9/2/08Follow @bbuderi

Teradyne (NYSE: TER) has agreed to pay approximately $250 million ($15.65 a share) to acquire Eagle Test Systems (NASDAQ: EGLT) of Illinois, the North Reading, MA-based maker of electronics testing equipment announced today. Teradyne said it had secured bridge financing—the amount was not disclosed—to help complete the deal. Eagle makes analog, mixed-signal and radio frequency semiconductor test products.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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