N@N

Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of LTX-Credence Corporation in Connection With

^{Published on 2010-11-18 16:40:41 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of LTX-Credence Corporation (aLTX-Credencea or the aCompanya) (NASDAQ:LTXC) related to the Companya™s agreement to be acquired by Verigy Ltd. (aVerigya). The proposed transaction is valued at approximately $422 million.

Under the terms of the definitive merger agreement entered into by the parties, the proposed transaction will be structured either as a reorganization, where Verigy and LTX-Credence would be wholly owned subsidiaries of Holdco a" a newly created subsidiary a" or through a merger where LTX-Credence would become a wholly owned subsidiary of Verigy. The agreement provides that LTX-Credence shareholders will receive a fixed exchange ratio of 0.96 shares of Verigy stock or Holdco stock for each share they own of LTX-Credence common stock. If the transaction is completed, Verigy and LTX-Credence shareholders will own, respectively, approximately 56% and 44% of the combined company. The transaction is expected to close by the first half of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by LTX-Credencea™s board of directors.

If you are a shareholder of LTX-Credence, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].