Excel OKs Coherent Acquisition

Excel Technology Inc. stockholders on Tuesday voted to approve the acquisition of the company by Coherent Inc. of Santa Clara, Calif.

Excel, a maker of laser systems and electro-optical components for industrial/commercial and scientific applications, announced on March 28 that the Department of Justice (DOJ) has requested information and documents in connection with its review of the proposed acquisition. The request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Excel said it is responding to the request and has filed a proxy statement and other documents concerning the transaction with the Securities and Exchange Commission (SEC). Free copies of the proxy statement and other documents are available from Investor Relations, Excel Technology, 41 Research Way, E. Setauket, N.Y. 11733; phone: (631) 784-6100). Documents Excel filed with the SEC are also available at the: SEC's Web site (www.sec.gov).

For more information, visit: www.exceltechinc.com