FormFactor (FORM) to Acquire MicroProbe in $116.8M Cash, Stock Deal

FormFactor, Inc. (Nasdaq: FORM) has signed a merger agreement with Astria Semiconductor Holdings, Inc., the parent company of MicroProbe, Inc., a leading provider of advanced SOC wafer test solutions. Under the terms of the merger agreement, FormFactor will acquire MicroProbe for $100 million in cash and $16.8 million in stock, subject to customary adjustments. The merger is subject to customary conditions and is expected to close in the first half of FormFactor's fiscal quarter ending December 29, 2012.

After the merger the combined company expects to realize the following significant benefits:

• FormFactor will be the industry leading supplier to the high growth advanced SOC probe card market;
  
• Improved and immediately accretive financial performance beginning in the first quarter of 2013;
  
• Technology leadership across the Memory and SOC advanced probe card markets.

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