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Examples
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Senate committee to question Toyota, government response to massive recalls LTX-Credence publicly offering 14 million shares of common stock.
Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7 AP 2010
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The company is merging with LTX, which will "create a strong number two player with significant product, customer and cost synergies."
If You Could Love Only One Stock Andrea D. Murphy 2010
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Meanwhile, " the Verigy board continues to believe in the compelling strategic and financial merits of its proposed transaction with LTX-Credence " and is still recommending its shareholders back the purchase.
Advantest Makes $735 Million Bid for Verigy Kevin Kingsbury 2010
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Verigy has decided the Advantest offer it isn ' t superior to the LTX deal, but it said the board believes the bid might lead to a superior transaction, so it has determined to engage in discussions with Advantest.
Advantest Makes $735 Million Bid for Verigy Kevin Kingsbury 2010
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LTX said in a separate statement that its deal with Verigy is better than a possible one between Advantest and Verigy, saying LTX ' s product portfolios and customers bases are highly complementary.
Advantest Makes $735 Million Bid for Verigy Kevin Kingsbury 2010
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Verigy said in a statement that Advantest ' s offer isn ' t superior to the LTX-Credence deal, but Verigy ' s board believes the proposal might lead to a superior transaction, so it has determined to engage in discussions with Advantest.
Advantest: Seeking Takeover Talks With Verigy Juro Osawa 2010
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LTX tumbled 46 cents, or 16%, to 2.35, after the Norwood, Mass., semiconductor test-equipment maker agreed to merge with competitor Credence Systems to offset costs.
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Novellus lost 87 cents, or 3.1%, to $27.13, while LTX was down 24 cents, or 6.2%, to $3.66, also on Nasdaq.
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Elsewhere in the sector, the research firm raised the target prices on FormFactor, Lam Research and LTX to $28, $43 and $5.50, respectively, from $21, $31 and $4.50.
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For the fourth quarter, LTX expects EPS to range from 22 cents to 24 cents, well above the First Call estimate of 11 cents per share.
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