Teradyne plans to buy Eagle Test Systems

Teradyne Inc. of North Reading said today it has agreed to buy Eagle Test Systems Inc.

Teradyne said in a press release: "Under the terms of the agreement, Eagle Test shareholders will receive $15.65 per share in cash. The aggregate purchase price is expected to be approximately $250 million, net of cash acquired, and includes the fair value of fully vested employee equity instruments."

Teradyne is a supplier of automatic test equipment used to test complex electronics used in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries while Eagle Test of Illinois is a provider of analog, mixed-signal and radio frequency semiconductor test products.
(By Chris Reidy, Globe staff)