Chip testing firm Cohu to buy Xcerra for about $796 million

It will buy rival Xcerra Corp for about $796 million in a cash-and-stock deal,U.S. semiconductor testing company Cohu Inc said on Tuesday .

Cohu said in a statement, Xcerra shareholders will receive $9.00 in cash and 0.2109 share of Cohu common stock for each share held, valuing Xcerra shares at $13.92 each.

The deal represents a premium of about 8.4 percent to Xcerra stock’s Monday close./

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