California : LTX-Credence Corporation has issued the following statement:
“We continue to believe that the combination of LTX-Credence and Verigy is in the best interests of both companies’ shareholders,
“We believe that any proposal for Advantest to acquire Verigy would likely receive extensive regulatory reviews given the significant customer and product overlap which could lead to potential closing risk, or risk of restrictions in several countries. The merger between LTX-Credence and Verigy can be expected to close much sooner than any potential acquisition of Verigy by Advantest.
“The definitive merger agreement we entered into on November 17, 2010 remains in effect, and we intend to preserve our shareholder value by protecting our rights under that agreement.”