Gamco, Gabelli report purchase of Nextest shares

By Lisa Kerner

Charlotte, N.C., Jan. 24 - Nextest Systems Corp. investors led by Gamco Asset Management Inc. and Gabelli Funds LLC bought 251,100 shares of the company's stock between Jan. 14 and Jan. 22.

The shares were priced from $19.64 to $19.94, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 1,830,161 shares, or 10.21% of the company's outstanding stock.

On Jan. 23, Teradyne, Inc. completed its $20 per share tender offer for Nextest and then completed its acquisition of the company.

As a result, Nextest's common stock will cease trading on the Nasdaq, according to a company news release.

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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