Eagle Test Systems (EGLT) Stockholders Approve Merger Agreement with Teradyne (TER)

November 7, 2008 12:13 PM EST

Eagle Test Systems, Inc. (Nasdaq: EGLT) announced today that, at a special meeting of its stockholders, the holders of a majority of the outstanding shares of common stock of Eagle Test adopted the previously announced merger agreement among Eagle Test, Teradyne, Inc. (NYSE: TER) and Turin Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Teradyne.

As previously disclosed, consummation of the merger is subject to customary closing conditions, including the expiration or termination of any waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. This waiting period is still pending and is scheduled to expire at midnight on November 10, 2008.

Eagle Test designs, manufactures, sells and services high performance automated test equipment for the semiconductor industry. [SM]

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