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Astronics sells semiconductor system level test technology for $185M

Nov. 14, 2018 6:56 AM ETAstronics Corporation (ATRO) StockBy: Niloofer Shaikh, SA News Editor2 Comments
  • Astronics Corporation (NASDAQ:ATRO) to sell intellectual property and certain assets associated with its semiconductor test business to Advantest Corporation for $185M in cash.
  • The transaction is expected to close by the end of the year.
  • Astronics’ will continue to operate its aerospace and defense test business and report in two segments.

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