TERADYNE, INC (TER): M&A transaction — Teradyne completes $522M Technoprobe stake (10%) and $85M DIS divestiture

TERADYNE, INC

Acquired 65,326,087 shares of Technoprobe (10% fully diluted) for $522M cash on May 27, 2024.
Completed sale of Device Interface Solutions unit to Technoprobe for $85M net of cash and debt, with working capital adjustment.
Both transactions were previously announced on November 7, 2023, and closed on May 27, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TERADYNE, INC completed an acquisition involving Technoprobe S.p.A. and T-Plus S.p.A. for approximately $522 million (closed 2024-05-27).

Action: acquisition
Counterparty: Technoprobe S.p.A. and T-Plus S.p.A.
Consideration: approximately $522 million
Closing: 2024-05-27

Exact text from the filing

On May 27, 2024 (the “Closing Date”), the Investor acquired 65,326,087 shares of Technoprobe, representing 10% of its issued and outstanding shares, comprised of a combination of shares previously owned by T-Plus (2% fully diluted) and shares newly issued by Technoprobe (8% fully diluted) (the “Investment”). The aggregate value of cash consideration paid by the Investor on the Closing Date for the Investment was approximately $522 million.

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TERADYNE, INC filing history →

Source: SEC EDGAR

accession 0001193125-24-151782

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