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CGNX — Cognex News Story

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Brief: Cognex Announces Acquisition Of RealSense For About $500 Million

BRIEF-Cognex Announces Acquisition Of RealSense For About $500 Million

- Cognex Corporation CGNX.O:

  • COGNEX: PRIOR TO CLOSING REALSENSE TO SPIN OUT FACIAL AUTHENTICATION PRODUCT LINE INTO AN INDEPENDENT COMPANY

  • COGNEX: TO PROVIDE 3-YEAR CASH RETENTION PROGRAM AT TARGET FOR REALSENSE EMPLOYEES AND GRANT RESTRICTED STOCK UNITS

  • COGNEX: TO ACQUIRE REALSENSE FOR ABOUT $500 MILLION, FINANCED ENTIRELY FROM EXISTING CASH

Further company coverage: CGNX.O


((Reuters.Briefs@thomsonreuters.com;))

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