Teradyne begins tender for Nextest Systems

By Lisa Kerner

Charlotte, N.C., Dec. 21 - Teradyne, Inc. subsidiary NAC Equipment Corp. began a $20-per-share tender offer for Nextest Systems Corp. under the companies' Dec. 11 merger agreement.

The offer is slated to end at midnight ET on Jan. 23, according to a company news release.

It was previously reported that Teradyne expected to expand its presence in the fast-growing flash memory test segment with the $325 million acquisition of Nextest.

Teradyne, based in North Reading, Mass., supplies automatic test equipment used in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries.

Nextest designs and manufactures automatic test equipment for flash memory and System-On-Chip semiconductors. The company is located in San Jose, Calif.

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