GSI Group (GSIG) To Acquire Excel Technology (XLTC) for $32/Share
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GSI Group Inc., (Nasdaq: GSIG) and Excel Technology Inc. (Nasdaq: XLTC) entered into a definitive agreement for GSI to acquire Excel in an all-cash transaction for $32.00 per share, or approximately $360 million.
Excel Technology closed at $22.66 yesterday.
GSI reaffirmed that its second quarter results will be slightly above the midpoint of the previously stated range with revenue expected between $64.0 million and $68.0 million and earnings per share of approximately two cents.
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2 cents per share?
Ed on Feb 8, 2009 11:34 PMHey! Does this mean I'm getting a '2 cents per share check in the mail booyah?' lol