Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Thermo Electron Taking Spectra-Physics Private
Aug 2001
WALTHAM, Mass., Aug 22. -- Thermo Electron Corp. said it plans to take its subsidiary Spectra-Physics private with a cash offer of $20 a share, the last move in a restructuring announced early last year. Thermo Electron, which already owns 80 percent of the lasers and optical equipment builder, will pay a 46 percent premium over the unit's closing price of $13.69 on Monday. In Tuesday's trading, shares rose to $20.29 on the Nasdaq.
   The company has spent the last three years buying back nearly two dozen publicly traded subsidiaries and selling a number of other businesses in an effort to simplify its structure.

News & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,
x We deliver – right to your inbox. Subscribe FREE to our newsletters.