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Kulicke & Soffa buying one unit, selling another

Kulicke & Soffa Industries Inc., Fort Washington, said it was acquiring substantially all the assets of Irvine, Calif.-based Orthodyne Electronics Corp. for about 7.1 million shares of K&S common stock, plus $80 million in cash. Kulicke & Soffa also is selling its K&S wire business unit to German-based W.C. Heraeus GmbH for $155 million in cash. K&S and Heraeus will also reciprocate access to research and development. Both deals are expected to close in about 60 days. Kulicke & Soffa closed yesterday at $6.36, down $0.30 (4.50 percent).    - Roslyn Rudolph

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Kulicke & Soffa Industries Inc., Fort Washington, said it was acquiring substantially all the assets of Irvine, Calif.-based Orthodyne Electronics Corp. for about 7.1 million shares of K&S common stock, plus $80 million in cash. Kulicke & Soffa also is selling its K&S wire business unit to German-based W.C. Heraeus GmbH for $155 million in cash. K&S and Heraeus will also reciprocate access to research and development. Both deals are expected to close in about 60 days. Kulicke & Soffa closed yesterday at $6.36, down $0.30 (4.50 percent).

- Roslyn Rudolph