Camtek: ADRs surge as Taiwanese firm to buy 20.5 pct in company

Camtek

11/02/2019 13:04

** U.S.-listed shares of Israel's Camtek Ltd  CAMT.O  rise
17.2 pct to $8.65 premarket
    ** Taiwanese test and measurement equipment provider Chroma
Ate Inc  2360.TW  agrees to buy 20.5 pct of Camtek for $74.3 mln
in cash  urn:newsml:reuters.com:*:nL5N2061YP
    ** Consideration is based on a price of $9.50 per Camtek
share, reflecting a 29 pct premium to Camtek's closing price as
of Feb. 8
    ** CAMT ADRs among top pct gainers across U.S. exchanges
    ** As of Friday's close, CAMT ADRs have risen 9 pct this
year

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))