Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Veeco Instruments, CVC to Merge
Feb 2000
PLAINVIEW, N.Y., Feb. 29 -- Veeco Instruments Inc. and Rochester, N.Y.-based CVC Inc. have signed a definitive merger agreement. Under the terms of the agreement, which has been approved unanimously by both companies' boards of directors, CVC shareholders will receive 0.43 shares of Veeco common stock for each share of CVC common stock held.
Following the merger, which is expected to close in the second quarter of 2000, CVC will become a wholly owned subsidiary of Veeco. Edward H. Braun will remain chairman and CEO of Veeco Instruments, while Christine B. Whitman, CVC's chairman, president and CEO, will become president and COO of Veeco and will serve on Veeco's board.
Braun commented, This combination of Veeco and CVC provides broader equipment and process solutions to our data storage, optical telecommunications and semiconductor customers. CVC is an ideal merger partner -- bringing complementary technology leadership, a track record of profitability and a strong management team. We forecast revenues to exceed $400 million in calendar 2000 for the combined companies.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 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.