Cascade Microtech (CSCD) Tops Q4 EPS by 3c
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FormFactor (FORM) to Acquire Cascade Microtech (CSCD) in $352M Deal
February 4, 2016 7:05 AM ESTFormFactor, 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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UPDATE: Cascade Microtech (CSCD) halted with news pending
February 4, 2016 6:55 AM EST(Updated - February 4, 2016 6:56 AM EST)
Cascade Microtech (Nasdaq: CSCD) trading halted with news pending.
Cisco Systems (Nasdaq: CSCO) is not halted, as erroneously reported earlier.
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