BUZZ-FARO Technologies soars on $920 million acquisition by AMETEK

Reuters

05-06

BUZZ-FARO Technologies soars on $920 million acquisition by AMETEK

** Shares of 3D measurement software maker FARO Technologies FARO.O jump 36% to $42.80 in premarket trading

** FARO jumps on agreement with industrial tools maker AMETEK AME.N; AME to buy FARO for $44 per share in cash

** Offer price represents a 40% premium to FARO's last closing level

** Offer values FARO at $920 million on an enterprise basis

** AME shares trading marginally higher before the bell

** FARO up 24% so far this year, as of last close

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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