Coherent, Inc. to Respond to Request for Additional Information in Connection With Proposed Acquisition of Excel Technology, In
March 28 2006 - 5:30PM
PR Newswire (US)
SANTA CLARA, Calif., March 28 /PRNewswire/ -- Coherent, Inc.,
(NASDAQ:COHR) today announced the Antitrust Division of the
Department of Justice (DOJ) has requested additional information
and documentary material in connection with its review of
Coherent's proposed acquisition of Excel Technology, Inc. (East
Setauket, NY, Nasdaq: XLTC). Coherent intends to promptly respond
to the DOJ request. The DOJ request extends the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Founded in 1966, Coherent, Inc. is a Standard & Poor's SmallCap
600 company and a world leader in providing photonics based
solutions to the commercial and scientific research markets. Please
direct any questions to Peter Schuman, Director, Investor Relations
at 408-764-4174. Additional Information and Where to Find It In
connection with the merger, Excel Technology has filed a proxy
statement and other relevant documents concerning the transaction
with the Securities and Exchange Commission (SEC). STOCKHOLDERS OF
EXCEL TECHNOLOGY ARE URGED TO READ THE PROXY STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN
IMPORTANT INFORMATION. Investors and security holders can obtain
free copies of the proxy statement and other documents by
contacting Investor Relations, Excel Technology, 41 Research Way,
E. Setauket, New York 11733 (Telephone: 631-784-6100). In addition,
documents filed with the SEC by Excel Technology are available free
of charge at the SEC's web site at http://www.sec.gov/. Information
regarding the identity of the persons who may, under SEC rules, be
deemed to be participants in the solicitation of stockholders of
Excel Technology in connection with the transaction, and their
interests in the solicitation, are set forth in the proxy statement
that was filed by Excel Technology with the SEC. DATASOURCE:
Coherent, Inc. CONTACT: Peter Schuman of Coherent, Inc.,
+1-408-764-4174 Web site: http://www.coherent.com/
Copyright