Merger of Teradyne, Eagle Test Systems on track to close in fourth quarter

By Lisa Kerner

Charlotte, N.C., Nov. 11 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the pending merger of Teradyne, Inc. and Eagle Test Systems, Inc., it was announced on Tuesday.

Teradyne agreed in September to acquire Eagle Test Systems for $15.65 per share in cash in a deal valued at $250 million.

The transaction is slated to close in the fourth quarter of 2008.

It was previously reported that Eagle Test Systems will operate as a Teradyne semiconductor test division business unit once the merger is complete.

Eagle Test Systems 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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