The acquisition of Cohu's video camera business is a potential game changer for CSTI
While Seeking Alpha readers have had plenty of articles to read about Costar Technologies, Inc. (OTCPK:CSTI) in recent months, I wanted to provide some key details about the potentially transformational acquisition the company made in early June. CSTI acquired the video camera business from Cohu, Inc. (NASDAQ:COHU) for $10 million in cash. Importantly, CSTI didn't issue any stock in the transaction. CSTI had $2.7 million in cash at the end of the first quarter, and a $1 million line of credit with the Bank of Texas at 4%. I'm hopeful that the company was able to expand its line of credit...
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