The Beaverton-based semiconductor testing and measurement company sells for $325 million in cash and stock.
In a press release published in the Portland Business Journal, Cascade explained the benefits of the merger:
‘By leveraging combined global support and channel investments across a product line that spans from engineering to production test applications, the combined company is uniquely positioned to solve customers’ most difficult test challenges from engineering to production.’
…’As a combined entity, FormFactor and Cascade will be the leader in the production probe card and engineering systems markets,’ said Cascade President and CEO Mike Burger in a release. ‘The combination of Cascade and FormFactor creates a larger, stronger company that will drive long-term value for our customers, employees, partners, and shareholders.’
(READ MORE: Portland Business Journal)
With this transaction and similar ones before it, is selling out to other states the continued trend for Oregon public companies?