Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Jan 9 9:30 AM EST

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To: richardred who wrote (2344)	12/6/2010 10:33:27 AM
From: richardred	Read Replies (3) of 7256

:+ ) A bullseye Today-A takeover bid.- What a pleasant surprise.- VRGT-Thought I missed, but someone show up. Verigy Spikes On Bid From Advantest Dec. 6 2010 - 9:29 am comments By ERIC SAVITZ Verigy (VRGY), which makes semiconductor test equipment, this morning said it received an unsolicited $12.15-a-share cash acquisition bid from Advantest (ATE). The bid follows an agreement last month for Verigy to merge with LTX-Credence (LTXC) in a stock swap in which Verigy holders would end up with 56% of the combined company. Verigy said its board has reviewed the Advantest proposal and determined that it is “not superior” to the pending LTX-Credence deal, but that the proposal “might lead to a superior transaction,” and will hold talks with Advantest. The board said it is not withdrawing its recommendation that holders support the LTXC deal, but it isn’t making any recommendation on the Advantest offer. But there’s nothing better for investors than the company with multiple suitors: * VRGY this morning is up $3.16, or 34.6%, to $12.30. * Potentially spurned, LTXC is down 84 cents, or 9.9%, to $7.61. blogs.forbes.com

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