Cognex Announces Acquisition Of RealSense For About $500 Million
Sept 22 (Reuters) - 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
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