Advantest Lands Deal To Buy Verigy For $907.65 Million

Advantest Corp., Japan's top measuring instrument manufacturer, will purchase US semiconductor testing equipment maker, Verigy Ltd. for 15 dollars a share in a deal worth $907.65 million (or about 74 billion yen) under a basic agreement, according to Nikkei. The acquisition is expected to make Advantest the world's leading supplier of chip testers.