Shareholder approval brings merger of Eagle Test Systems, Teradyne closer to completion

By Lisa Kerner

Charlotte, N.C., Nov. 7 - A majority of Eagle Test Systems, Inc. stockholders voted to adopt the company's merger with Teradyne, Inc. and Turin Acquisition Corp.

In September, it was announced that Teradyne would acquire Eagle Test for $15.65 per share in cash in a deal valued at $250 million.

The merger remains subject to expiration or termination of the Hart-Scott-Rodino waiting period, which is expected to end on Monday, an Eagle Test news release said.

Once the merger is complete, Eagle Test will operate as a Teradyne semiconductor test division business unit, it was previously reported.

Eagle Test designs, manufactures, sells and services automated test equipment for the semiconductor industry. The company is located in Buffalo Grove, Ill.

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

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