Notable Mergers and Acquisitions of the Day 7/10 (ROH/DOW, GSIG/XLTC, OPXT)

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Rohm and Haas Company (NYSE: ROH) entered into an agreement with The Dow Chemical Company (NYSE: DOW), under which Dow will acquire all of the outstanding shares of Rohm and Haas common stock for $78.00 per share in cash.
  
  Shares of ROH closed at $44.83 yesterday.
  
  The agreement provides that Rohm and Haas Company will retain its Philadelphia Headquarters location, and continue to do business under the Rohm and Haas name. Additionally, Dow will contribute a number of specialty chemicals business segments to the Rohm and Haas portfolio which have greater synergy with the Philadelphia Company’s established strengths.
  
  
• 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.
  
  
• Opnext, Inc. (NASDAQ: OPXT) reached a definitive agreement to acquire privately held StrataLight Communications, Inc.
  
  Under the terms of the agreement, which has been approved by the boards of directors of both companies, Opnext will acquire StrataLight Communications for a total consideration of approximately 26.55 million common shares and $30 million in cash. Based on Opnext's closing share price of $5.35 on July 8, 2008, this represents a value of approximately $172 million.

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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