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Article: Photon Dynamics Signs Definitive Agreement to Acquire CR Technology.
- Article from:
- PR Newswire
- Article date:
- August 10, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Expands Geographic Presence, Penetrates New Markets
SAN JOSE, Calif., Aug. 10 /PRNewswire/ -- Photon Dynamics, Inc. (Nasdaq: PHTN) today announced it has signed a definitive agreement to acquire privately held CR Technology (CRT) in exchange for approximately two million shares of newly issued Photon Dynamics, Inc. common stock. Based in Laguna Niguel, California, CRT manufactures x-ray and optical inspection systems for semiconductor and printed circuit board (PCB) applications. The acquisition will expand Photon Dynamics' geographic presence and leverage its technology into new markets. The transaction, which is expected to close in the fourth quarter of ...