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StockerYale Acquires Ireland's CorkOpt

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SALEM, N.H., June 7 -- In return for $2.45 million, StockerYale Inc. acquired CorkOpt Ltd. of Cork, Ireland. StockerYale issued the privately held company 62,691 shares of common stock at $35 per share and paid the balance of the consideration in cash. CorkOpt will continue its operations in Ireland as a wholly owned subsidiary of StockerYale. CorkOpt, Ltd. is a producer of specialized illumination solutions that integrate on-board LED and photodetector chips and arrays together with custom optics. According to StockerYale, its manufacturing and R&D capabilities combined with...Read full article

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    Published: June 2000
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