Cascade Microtech Reports Fourth Quarter and Annual 2015 Results

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Cascade Microtech (CSCD) Tops Q4 EPS by 3c

February 4, 2016 7:06 AM EST

Cascade Microtech (NASDAQ: CSCD) reported Q4 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $40.4 million versus the consensus estimate of $38.98 million.

For earnings history and earnings-related data on Cascade Microtech (CSCD) click here.

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FormFactor (FORM) to Acquire Cascade Microtech (CSCD) in $352M Deal

February 4, 2016 7:05 AM EST

FormFactor, Inc. (Nasdaq: FORM) and Cascade Microtech, Inc. (Nasdaq: CSCD) announced that they have entered into a definitive agreement under which FormFactor will acquire all outstanding Cascade shares in a cash and stock transaction.

For each share of Cascade stock held, Cascade stockholders will be entitled to receive $16.00 in cash and 0.6534 of a share of FormFactor common stock, subject to the terms of the merger agreement. The transaction values Cascade at $21.13 per share, or $352 million in equity value based on the closing price of FormFactor's stock on February 3, 2016, of $7.85.

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