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

Thermo Electron Reconsidering Spectra-Physics Offer

Facebook Twitter LinkedIn Email Comments
WALTHAM, Mass., Sept 27 -- Thermo Electron Corp. said it is reconsidering its plan to take its Spectra-Physics Inc. unit private for $20 a share, due to worsening economic conditions. The company, which already owns 80 percent of the lasers and optical equipment builder, said it expects to complete its reconsideration in the next four to six weeks.

"The company is taking this action in order to analyze the impact on Spectra-Physics of the worsening economic conditions associated with the recent terrorist attacks," Thermo Electron said in a statement. Last month, the company said it planned to pay $20 a share for Spectra-Physics as part of a restructuring announced early last year.
Sep 2001
News & Features

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

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.