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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 12, 2000
KULICKE AND SOFFA INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Charter)
PENNSYLVANIA 000-00121 23-1498399
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2101 Blair Mill Road, Willow Grove, PA 19090
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (215) 784-6000
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ITEM 5. OTHER EVENTS
On December 12, 2000, Kulicke and Soffa Industries, Inc. announced that it
completed its previously announced acquisition of Probe Technology Corporation,
a manufacturer of probe cards for the semiconductor industry. The total
purchase price, including acquisition-related costs, was $64 million in cash.
The Company used funds from operations to pay $9 million of the purchase price.
The Company borrowed $55 million of the purchase price under the Company's
existing senior credit facility with PNC Bank, National Association, which
indebtedness remains outstanding.
Probe Technology Corporation manufactures a variety of epoxy based probe
cards with probe counts up to 1,500 and pitches down to 50 microns, and advanced
vertical array probe cards for flip chip devices with probe counts up to 3,500.
In addition, Probe Technology also manufacturers cards specifically designed for
probing high-density flip chip die such as those produced by Flip Chip
Technologies, LLC, the Company's bumping services joint venture.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KULICKE AND SOFFA INDUSTRIES, INC.
Date: December 18, 2000 By: /s/ Clifford G. Sprague
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Clifford G. Sprague,
Senior Vice President
and Chief Financial Officer
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