Verigy Takeover Bid Increased, Hits 52-Week High (VRGY, ATE)

Shares of Verigy Ltd. VRGY are currently up 7.4% at $13.57 per share during Thursday morning trading. The company's share price climbed higher after it announced on Thursday morning that Advantest Corporation ATE had increased its bid to purchase Verigy Ltd to $15.00 per share in cash. Today's trading range for shares of Verigy Ltd. (VRGY) has been between $13.47 and a 52-week high of $13.75 per share. The consensus price target of analysts covering the company's stock is $14.08 per share. Volume of 10.4 million shares is already far above the daily average volume of 1.3 million shares. Verigy Ltd provides advanced semiconductor test systems and solutions used by leading companies worldwide in design validation, characterization, and high-volume manufacturing test. Read more from Benzinga's Company news.