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PDF Solutions acquires IDS for $50 million |
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(06/19/2003 3:17 PM EDT) URL: http://www.eetimes.com/showArticle.jhtml?articleID=10802091 |
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SAN JOSE, Calif.--PDF Solutions Inc., a provider ofyield-management software, has signed a definitive
agreement to acquire IDS Software Systems Inc., a supplier of competitive products based in Foster City, Calif.
Under terms of the agreement, PDF Solutions will acquire IDS for $20.0 million in cash and 2,500,000 shares of PDF's common stock, resulting in an aggregate consideration value of approximately $50.6 million, based upon the closing price of PDF's common stock on the Nasdaq National Market today of $12.25 per share.
In addition, PDF Solutions will assume all of IDS' stock options outstanding immediately prior to the close of the transaction. PDF currently expects the transaction to close in August, subject to customary closing conditions.
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