Teradyne, Nextest merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Jan. 16 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of Teradyne, Inc. and Nextest Systems Corp.

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

The offer is slated to end at midnight ET on Jan. 23.

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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