Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Summit Acquires Autonomous Technologies

Facebook Twitter LinkedIn Email Comments
WALTHAM, Mass., April 30 -- Summit Technology, Inc. has concluded its acquisition of Autonomous Technologies Corp. with the approval of shareholders of both companies. As a result of the acquisition, stock for Autonomous will no longer be traded on NASDAQ.
The total value of cash and stock actually issued to Autonomous stockholders is approximately $224 million, based on the average Summit closing price of the five days prior to the closing. Shareholders of Autonomous will receive .727 shares of Summit common stock and $3.04 in cash for each share of Autonomous common stock held. The total consideration paid by Summit will be approximately 11.2 million shares of Summit common stock and $46.8 million in cash.
Apr 1999
News & Features

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.