Formfactor announces the closing of its divestiture of china operations

Livermore, calif., feb. 26, 2024 (globe newswire) -- formfactor, inc. (nasdaq: form) is pleased to announce the closing of its sale of formfactor's suzhou and shanghai companies to grand junction semiconductor pte. ltd. (gjs), for $25m in cash, subject to taxes and customary purchase price adjustments. the transaction is part of a long-term partnership between the two companies, initially announced february 7th, 2024, which also includes an exclusive distribution and partnership agreement to continue sales and support of formfactor's products in china.
FORM Ratings Summary
FORM Quant Ranking