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Thermo Completes Acquisition of Spectra-Physics AB

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Thermo Instrument Systems Inc. of Waltham, Mass., has completed the acquisition of 98 percent of all outstanding shares of Spectra-Physics AB, based in Stockholm, Sweden, according to documents filed with the US Securities and Exchange Commission. This gives Thermo an 80.4 percent stake in Spectra-Physics Lasers Inc. in Mountain View, Calif. Earl Lewis, CEO of Thermo Instrument, said the strategy for acquiring more shares of Spectra-Physics Lasers depends on how the company's stocks perform: "If we think it has good potential for growth, we'll keep it public. If not, we'll buy [the shares]...Read full article

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