FormFactor shares are trading higher after Camtek announced it will acquire the company's FRT meteorology business.
Portfolio Pulse from Benzinga Newsdesk
Camtek has announced its plans to acquire the FRT meteorology business from FormFactor. This news has led to an increase in FormFactor's share prices.
September 18, 2023 | 4:14 pm
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FormFactor's shares are trading higher after the announcement of its FRT meteorology business being acquired by Camtek.
The acquisition of a business unit typically leads to an increase in the share price of the selling company, as it often results in an influx of cash and a focus on core operations. In this case, FormFactor's share price has increased following the announcement of the sale of its FRT meteorology business to Camtek.
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