Cohu enters into agrrement to sell headquarters facility for $34.25M On September 21, Cohu entered into an agreement and opened escrow for the sale of its headquarters facility located in Poway, California for $34.25M. The transaction is subject to completion of buyer due diligence and customary closing conditions and is expected to be completed in the fourth quarter of 2015. However, there can be no assurance that the proposed transaction will close as scheduled, or at all. Should the transaction close, Cohu anticipates entering into a ten-year lease with the buyer for a portion of the Poway Facility, enabling Cohu to continue to operate at its current location. The transaction allows Cohu to reduce the utilized space within the Poway Facility to better fit its current needs, as the company transitions a significant portion of its manufacturing activities to Asia.