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Article: Photon Dynamics Finalizes Acquisition of CR Technology.
- Article from:
- PR Newswire
- Article date:
- December 1, 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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Photon Dynamics and CRT Shareholders Approve Acquisition
SAN JOSE, Calif., Dec. 1 /PRNewswire/ -- Photon Dynamics, Inc., (Nasdaq: PHTN) today announced the closing of its acquisition of CR Technology, Inc. (CRT). The acquisition was approved by both the shareholders of Photon Dynamics and CRT at the end of November.
Photon Dynamics exchanged 1,960,000 shares of newly-issued common stock for all outstanding capital stock and options of CRT, a leading manufacturer of x-ray and optical inspection systems for semiconductor packaging and printed circuit board (PCB) applications. On a pro forma basis the transaction was accretive in Photon Dynamics' fiscal ...