Tuesday, June 16, 2009

Verigy Ltd. 8K - Acquires probe card company Touchdown Technologies

"On June 15, 2009, Verigy Ltd. (“Verigy”), through a newly formed indirect wholly-owned subsidiary, completed the acquisition of substantially all of the assets of Touchdown Technologies, Inc., a Delaware corporation. The consideration payable in the acquisition consists of the assumption of certain liabilities of Touchdown as well as contingent consideration payable based on revenue from probe card sales during a five year period beginning November 1, 2009. There is no minimum or maximum amount of contingent consideration payable pursuant to the acquisition agreement."