GSI Group (GSIG) To Acquire Excel Technology (XLTC) for $32/Share
More News related to GSIG
- GSI Group (GSIC) Accepts Shares in Tender Offer for Excel Technology (XLTC) and Commences Subsequent Offering Period
- GSI Group Accepts Shares in Tender Offer for Excel Technology and Commences Subsequent Offering Period
- GSI Group (GSIG) Meets Q2 View
- GSI Group Reports Second Quarter Results
- GSI Group and Excel Technology Announce Expiration of Hart-Scott-Rodino Waiting Period
More News related to XLTC
- GSI Group (GSIC) Accepts Shares in Tender Offer for Excel Technology (XLTC) and Commences Subsequent Offering Period
- GSI Group Accepts Shares in Tender Offer for Excel Technology and Commences Subsequent Offering Period
- GSI Group and Excel Technology Announce Expiration of Hart-Scott-Rodino Waiting Period
- Excel Technology (XLTC) Tops Q2 EPS View by 2c
- Excel Technology Announces Results for Q2 2008
More News related to Hot List
- Hibbett Sports (HIBB) Beats By 2c; Hibbett Sports Guidance At Low Of Analyst Expectations
- Zumiez (ZUMZ) Reports Q2 EPS of $0.09, Beats by 2c; Cuts FY08 Guidance
- Foot Locker (FL) Beats By 9c; Issues Positive FY08 EPS
- Verigy (VRGY) Tops Q3 View; Guides Q4 Below the Street
- Merrill (MER), Goldman (GS), Deutsche Bank (DB) Settle Auction-Rate Securities Cases in NY -Bloomberg
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.
Related Categories
Hot ListMergers and Acquisitions
Stocks Mentioned
-0.15
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
