Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

StockerYale Loses Virtek Bid

Facebook Twitter LinkedIn Email Comments
SALEM, N.H., Aug. 27, 2008 – StockerYale’s cash bid for Virtek Vision International Inc. has been rejected for the third time this year after the minimum 66.6 percent of shares were not tendered. The bid expired at 11:59 p.m. (Toronto time) on Aug. 25, 2008.

Because the condition was not satisfied, StockerYale, maker of structured light lasers, LED modules and specialty optical fibers, has rendered the takeover unsuccessful. Any shares tendered to the bid will be returned to Virtek shareholders.

Virtek Vision, based in Waterloo Ontario, and maker of laser engraving, templating and inspection products, has previously cited StockerYale’s financial condition among the reasons why they considered the buyout to be a poor investment for Virtek’s stockholders. (See: StockerYale Begins Takeover)

For more information, visit: www.stockeryale.com



Photonics.com
Aug 2008
GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
fiber opticsinspection productslaser engravingLED moduleslight lasersNews & Featuresoptical fibersphotonicsStockerYaleStockerYale takeovertemplatingVirtek shareholdersVirtek Vision International Inc.lasers

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.