Tag: James Pritchett
Costar Technologies to buy CohuHD
June 9, 2014SSN Staff
COPPELL, Texas—Costar Technologies on June 4 announced that it has signed a definitive agreement to acquire CohuHD, the cameraproducts and video solutions division of Cohu.
The purchase price for CohuHD, including potential earn-out payments, is expected to be $10 million in cash. The acquisition is structured as an asset purchase and is subject to customary closing conditions.
Costar is financing the transaction with proceeds from a new credit facility with Bank of Texas. The present CohuHD...