Cohu to Acquire Xcerra

Cleary Gottlieb represented Cohu, Inc. in connection with its acquisition of Xcerra Corporation, in a cash and stock transaction valued at approximately $796 million. 

The transaction was announced on May 8, 2018 and closed on October 1, 2018. Xcerra’s shareholders will receive, for each Xcerra share, $9.00 in cash and 0.2109 of a share of Cohu common stock.

Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. Xcerra provides a broad spectrum of semiconductor and PCB test expertise that drives innovative new products and services, and the ability to deliver to customers fully integrated semiconductor test cell solutions.