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Cohu Announces Sale of Broadcast Microwave Services

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POWAY, Calif.--(BUSINESS WIRE)--Cohu, Inc. (NASDAQ: COHU) announced today that it has sold its Broadcast Microwave Services, Inc. business (“BMS”) to an affiliate of StoneCalibre, LLC (“StoneCalibre”) for $8.0 million, comprised of a $5.5 million cash payment, subject to a working capital adjustment, plus up to $2.5 million of contingent cash consideration in the form of an earn-out based on future BMS revenues. BMS has entered into a twelve-month lease, subject to certain early termination rig

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