Semiconductor-testing company Cohu Inc. has agreed to acquire rival Xcerra Corp. in a cash-and-stock deal valued at about $627 million, months after the latter company scrapped a plan to sell itself to a Chinese company over national-security hurdles.
Cohu will pay Xcerra shareholders $9 a share in cash and 0.2109 of Cohu common stock for each share, the companies said in joint news release Tuesday.
Based...