NORTH READING, MA -- After spending much of the past two years divesting its non-core operations, Teradyne jumped back into acquisition mode, agreeing to buy Nextest Systems in a cash-for-stock deal.
Teradyne will pay about $325 million, and closing is expected in the March quarter, pending Nextest shareholder and antitrust
approvals.
TOKYO -- Panasonic
Electronic Devices Co. will
consolidate its eight subsidiaries in Japan and establish Panasonic
Electronic Devices Japan Co. on April 1, the company announced today.
Panasonic Electronic
Devices has several subsidiaries, each managed autonomously. The new structure will enable the group to take
advantage of the strengths of each subsidiary, including
"black-box" technologies and manufacturing skills.