adminBy Pierre Bertrand
Keysight Technologies said that it has filed a tender offer for the remaining outstanding shares of ESI Group at a price of 155 euros ($166.15) a share in cash.
The manufacturer of electronic tests and measurement equipment is already the owner of 50.6% of the share capital and 46.3% of the theoretical voting rights of ESI, it said in a statement Tuesday.
ESI Group’s board of directors have given their unanimous backing for the deal, ESI said in a separate statement.
It added that the company has appointed Deputy CEO Olfa Zorgati as its new chief executive after the resignation of Cristel de Rouvray.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
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