StockerYale Begins Takeover
SALEM, N.H., June 27, 2008 -- With Virtek Vision International Inc.’s largest shareholder on its side, StockerYale Inc. today announced it is beginning a cash takeover bid for the Waterloo, Ontario-based maker of laser engraving, templating and inspection products, which has twice rejected buyout overtures from cash-strapped StockerYale. StockerYale, which makes structured light lasers, LED modules, and specialty optical fibers, said it will pay 65 cents, Canadian, for each share of Virtek stock, for a total of $22...