ISRAEL > USA based KLA-Tencor buys Israel based Orbotech at $3.4 billion

KLA-Tencor logo Valuing Orbotech at $69.02 per share, USA based KLA-Tencor is set to buy Israel based Orbotech. Orbotech is an Israeli firm that develops ways to enhance manufacturing of electronic products and KLA-Tencor will buy Orbotech shares through a combination of cash and stock. This will value Orbotech at $3.4 billion. According to Rick Wallace, KLA’s chief executive officer: “This acquisition More …