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5.30我还在北京出差,就听几个朋友说,LeCroy被Teledyne收购啦,当时很惊讶。立即打电话给LeCroy的朋友,消息确切。 今天已回到深圳,跟那位朋友见了面,听他说他们也是29日晚才收到消息,可见此次的收购保密工作那是到家啦。中文可见的报道只有一则,相当简洁。
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路透5月29日电---国防设备制造商Teledyne Technologies(TDY.N: 行情)称将以2.405亿美元现金收购LeCroy(LCRY.O: 行情),以扩充产品阵容.+ V$ A6 R+ ]6 j) i3 i
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LeCroy周一盘初暴涨55.58%,报14.22美元.# c& e, C( z+ @& X
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最早的新闻出自Yahoo财经,May 29, 2012 7:31 AM EDT,报道如下:
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Teledyne Technologies Incorporated (TDY) (“Teledyne”) and LeCroy Corporation (LCRY) (“LeCroy”) jointly announced today that they have entered into a definitive agreement that provides for the merger of LeCroy Corporation with a wholly-owned subsidiary of Teledyne. Pursuant to the transaction, Teledyne will acquire all of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction is approximately $291 million, taking into account LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012. The transaction was unanimously approved by the Boards of Directors of Teledyne and LeCroy. In addition, LeCroy directors and executive officers, including founder Walter LeCroy, have agreed to vote their shares in favor of the transaction.# S. z4 a6 m+ y5 R* ~6 i0 G: y
- w# n6 [% ~ nFounded in 1964 and headquartered in Chestnut Ridge, N.Y., LeCroy is a leading supplier of oscilloscopes, protocol analyzers and signal integrity test solutions with approximately 500 employees worldwide. For its fiscal year ended July 2, 2011, LeCroy had sales of approximately $178.1 million.0 \4 e( J7 ^. p1 q, v& a
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“LeCroy will broaden our portfolio of analytical instrumentation businesses by adding a leader in electronic test and measurement solutions,” said Dr. Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “We are particularly impressed with LeCroy’s strength in the market for high-performance oscilloscopes. Furthermore, I am excited about the potential for LeCroy to provide an ideal commercial outlet for our unique Indium Phosphide (InP) process technology and ultra high frequency mixed signal design capabilities developed at Teledyne Scientific Company, our R&D laboratories.”2 T% z$ ]. a, ~: H( X( b: O6 r( f
+ c/ N; J& |% U+ W+ T7 T“This transaction provides a substantial premium for our shareholders and provides exciting opportunities for our customers and employees,” said Mr. Thomas Reslewic, President, Chief Executive Officer and Director of LeCroy. “We believe Teledyne can help us accelerate our high-end oscilloscope programs to deliver real-time bandwidth well beyond 100GHz by utilizing Teledyne’s leading InP technology. Furthermore, through a combination of Teledyne’s microwave and mixed signal design capabilities with LeCroy’s signal processing expertise, as well as our respective market channels, we envision growing our markets and adding new products such as signal generators and multi function instruments.”6 O6 [' Y/ T6 Y7 S6 ?
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Stifel Nicolaus Weisel is acting as exclusive financial advisor and Bingham McCutchen LLP and Fish & Richardson are acting as legal counsel to LeCroy. Needham & Company is acting as exclusive financial advisor and McGuireWoods LLP is acting as legal counsel to Teledyne.: b% p6 @( x. Y* Y: V4 ]8 g2 E& [
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Lightwaveonline的报道作为电子媒体,也是相当及时,May 29, 2012+ P+ N: j' {7 B9 E% K* B+ J
- @" [* c# V) k. O2 i: nTeledyne Technologies Inc. has reached an agreement with (NYSE:TDY) and LeCroy Corp. (NASDAQCRY) to merge LeCroy with a wholly owned subsidiary of Teledyne. To complete the agreement, Teledyne plans to acquire all of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction is approximately $291 million.! X# r0 r* s7 J# ]
; `: U1 |# m/ m' N: V+ e( @The $291 million figure includes LeCroy’s stock options, stock appreciation rights, and net debt as of March 31, 2012. The two companies did not offer a timetable for completing the transaction.5 J8 L" {' `1 c9 u
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LeCroy supplies oscilloscopes, protocol analyzers, and signal integrity test equipment. It has become increasingly aggressive in the optical communications technology test realm, providing the high-bandwidth oscilloscopes necessary to test optical transport systems and subsystems that use phase-based modulation formats and coherent detection (see, for example, “LeCroy boosts oscilloscope bandwidth to 65 GHz”).9 k4 R+ U! }- ^# t2 X
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Headquartered in Chestnut Ridge, NY, LeCroy has approximately 500 employees worldwide. For its fiscal year ended July 2, 2011, LeCroy reported sales of approximately $178.1 million./ K; W6 L4 ]0 \, j. i6 O) |3 d
5 L. Y. |3 u1 a* `8 sThe transaction was unanimously approved by both companies’ boards of directors. LeCroy directors and executive officers, including founder Walter LeCroy, have agreed to vote their shares in favor of the transaction.
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"LeCroy will broaden our portfolio of analytical instrumentation businesses by adding a leader in electronic test and measurement solutions," said Dr. Robert Mehrabian, chairman, president, and CEO of Teledyne. "We are particularly impressed with LeCroy’s strength in the market for high-performance oscilloscopes. Furthermore, I am excited about the potential for LeCroy to provide an ideal commercial outlet for our unique Indium Phosphide (InP) process technology and ultra high frequency mixed-signal design capabilities developed at Teledyne Scientific Company, our R&D laboratories.", O% Y/ S4 j7 M* }
7 Z- ^# U( [$ z u"This transaction provides a substantial premium for our shareholders and provides exciting opportunities for our customers and employees," said Thomas Reslewic, president, CEO, and director of LeCroy. "We believe Teledyne can help us accelerate our high-end oscilloscope programs to deliver real-time bandwidth well beyond 100 GHz by utilizing Teledyne’s leading InP technology. Furthermore, through a combination of Teledyne’s microwave and mixed-signal design capabilities with LeCroy’s signal processing expertise, as well as our respective market channels, we envision growing our markets and adding new products such as signal generators and multifunction instruments."' z( O. E% o. J* T
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In an email to suppliers, Reslewic wrote, “LeCroy will continue to operate under its current leadership team as a relatively autonomous entity consistent with Teledyne's acquisition history.”% f- K1 C5 o1 u% b: X) ^, F6 v
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eetimes的消息要稍微慢一点,5/30/2012 12:44 PM EDT S* m+ c' a; x( X p) F; D
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PARIS – U.S. military and aerospace specialist Teledyne Electronic Technologies Inc. announced it has acquired Lecroy Corp. to expand its portfolio of analytical instrumentation solutions.
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Teledyne said it will acquire of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction is roughly $291 million, taking into account LeCroy's stock options, stock appreciation rights and net debt as of March 31, 2012.! Z6 f! N% k; _
7 p* C/ x4 m( I) A4 O9 M7 NBoth companies' boards unanimously approved the buyout.
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3 N& K3 [* m% F9 P; R5 O; ?& v( iIn a statement, Dr. Robert Mehrabian, chairman, president and CEO of Teledyne outlined LeCroy's strength in the market for high-performance oscilloscopes. He declared: “I am excited about the potential for LeCroy to provide an ideal commercial outlet for our unique Indium Phosphide (InP) process technology and ultra high frequency mixed signal design capabilities developed at Teledyne Scientific Company, our R&D laboratories."
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LeCroy said it expects the transaction will help accelerate its high-end oscilloscope programs to deliver real-time bandwidth well beyond 100GHz by utilizing Teledyne's leading InP technology. Also, through a combination of Teledyne's microwave and mixed signal design capabilities with LeCroy's signal processing expertise, the company said it expects to grow its markets and add new products such as signal generators and multi-function instruments.
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. [3 B r$ A9 |/ BFounded in 1964 and headquartered in Chestnut Ridge, N.Y., LeCroy is a provider of oscilloscopes, protocol analyzers and signal integrity test solutions aimed at semiconductor, computer, consumer electronics, military/aerospace, automotive/industrial and telecommunications industries.
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( m$ m! [& Q" q5 TLeCroy employs approximately 500 people worldwide and generated sales of about $178.1 million for its fiscal year ended July 2, 2011.2 }: r+ |4 T! a
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从股市的反应来看,大家普遍看好这次收购。然而对于LeCroy来说,却依然没有在测试测量界找到互补的合作者。+ e, a- \1 N) A5 |- s
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