Close

Search

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

Laser Power’s ’Suitors’ Return

Photonics Spectra
Jul 2000
Union Minière SA of Brussels, Belgium, and II-VI Inc. of Saxonburg, Pa., returned to the bargaining table with San Diego-based infrared optics manufacturer Laser Power Corp., following Laser Power's adoption of a takeover defense late last year. Each company has extended a merger agreement under which it would make Laser Power a wholly owned subsidiary.

Union Minière would purchase all outstanding shares for $4 each in a transaction worth more than $38 million. II-VI has countered with an offer of cash and stock of $2.32 and 0.052 shares of II-VI per share of Laser Power, at a guaranteed minimum value of $4.05 per share.

As We Go To PressBreaking NewsdefensePresstime Bulletinlasers

Comments
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, info@photonics.com

Photonics Media, Laurin Publishing
x Subscribe to Photonics Spectra magazine - FREE!
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.