Orbotech shareholders buy 1.6 million shares for 8.9% ownership stake

By Lisa Kerner

Charlotte, N.C., July 21 - Orbotech Ltd. investors Dr. Jacob Richter and Dr. Judith Richter bought 1.2 million shares of the company's stock on July 7 for $12 million and 418,500 shares on July 20 for $4.185 million.

The transactions were reported in a schedule 13D filed with the Securities and Exchange Commission on Tuesday.

According to the filing, the Richters beneficially own 3,033,945 shares or 8.9% of the Yavne, Israel-based company's outstanding stock.

Orbotech develops yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry.

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