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Technology Stocks : Verigy, Ltd. (VRGY)

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From: Kirk ©12/23/2010 10:00:14 AM
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7:19AM Verigy announces receipt of revised unsolicited proposal from ATE to acquire all of the outstanding VRGY ordinary shares for $15.00/share in cash up from $12.15/share (VRGY) 12.63 : Co announced that it has received a revised proposal from Advantest Corporation (ATE) to acquire all of the outstanding Verigy ordinary shares for $15.00/share. Co stated "The Verigy Board is not making any recommendation with respect to the revised Advantest proposal at this time, and Verigy currently anticipates continuing to engage in discussions with Advantest regarding its revised proposal, including regulatory considerations in connection with a potential transaction. There can be no assurances that any transaction will result from the revised Advantest proposal or Verigy's discussions with Advantest. The Verigy Board continues to recommend the LTX-Credence merger agreement to its shareholders and is not withdrawing its recommendation to Verigy shareholders in support of the pending merger between Verigy and LTX-Credence (LTXC), or proposing to do so, at this time."
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