May 8, 2018 / 8:33 AM / in 2 months

Chip testing firm Cohu to buy Xcerra for about $796 mln

May 8 (Reuters) - U.S. semiconductor testing company Cohu Inc said on Tuesday it will buy rival Xcerra Corp for about $796 million in a cash-and-stock deal.

Xcerra shareholders will receive $9.00 in cash and 0.2109 share of Cohu common stock for each share held, valuing Xcerra shares at $13.92 each, Cohu said in a statement.

The deal represents a premium of about 8.4 percent to Xcerra stock's Monday close. (Reporting by Shubham Kalia in Bengaluru; Editing by Gopakumar Warrier)

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