Unic Capital Management Company to Acquire Xcerra Corporation
On April 10, 2017, Xcerra Corporation (NASDAQ: XCRA) announced that it had entered into a definitive agreement with Unic Capital Management Co., Ltd. – a capital and asset management firm that makes long-term investments in semiconductor and other advanced technology industries. Xcerra Corporation is comprised of four businesses in the semiconductor and electronics manufacturing test markets. Some highlights of the transaction are below:
- All cash transaction at $10.25 per share
- Private ownership will enhance Xcerra’s growth prospects and support long-term investment in new and existing markets, new product development, and stronger customer relationships
- Xcerra will remain a global company headquartered in Norwood, Massachusetts, USA
Under the terms of the agreement, Unic Capital Management will acquire all outstanding shares of Xcerra for $10.25 per share in cash, which equates to approximately $580 million in total value. The transaction price is approximately 28 percent premium to Xcerra’s average closing price over the 90 trading day period ending April 7, 2017, and values the equity at approximately $580 million on a fully diluted basis. The transaction is currently expected to close before the end of the calendar year.
Read the full press release at www.xcerra.com
Below are highlights of additional Merger and Acquisition activity from the last week:
Communication Providers M&A News: On April 13, 2017 Windstream Holdings, Inc. (NASDAQ: WIN) announced that it had signed a definitive agreement to acquire Broadview Networks Holdings, Inc. – a network-based business communications provider. The transaction is an all-cash transaction valued at approximately $228 million.
Read more at www.windstreambusiness.com
Technology Hardware M&A News: On April 14, 2017 Hewlett Packard Enterprise (NYSE: HPE) announced that they have officially completed their previously announced tender offer for all the outstanding shares of common stock of Nimble Storage, Inc. (“Nimble Storage”). Hewlett acquired the shares for $12.50 per share, net to the seller in cash.
Read more at www.hpe.com
IT Services M&A News: On April 12, 2017 Green House Data, a leader in cloud hosting, colocation, hybrid IT, and managed services announced the acquisition of Cirracore.
Read more at www.greenhousedata.com
