Teradyne to Buy Nextest

Teradyne Inc. (NYSE: TER), a North Reading, Mass.-based electronics test equipment supplier, has agreed to acquire Nextest Systems Corp. (Nasdaq: NEXT), a venture capital-backed maker of automatic test equipment for semiconductors, for about $325 million. Teradyne will pay $20 for each Nextest.  TheDeal.com reported that the all-cash sale will complete the exit of the venture companies that backed Nextest in its lone round of venture capital funding in November 2001. That $20 million round, which priced each Nextest share at $2.50, was led by New York-based venture capital firms Needham & Co. LLC and J&W Seligman & Co. The other investors in the round were Merrill Lynch & Co. and SG Cowen & Co.; Roser Ventures LLC of Boulder, Colo.; Anthem Venture Partners of Santa Monica, Calif.; and memory developer Atmel Corp. of San Jose, Calif. www.teradyne.com and www.nextest.com