Excel Technology, Inc. Stockholders Vote in Favor of Merger with Coherent, Inc.EAST SETAUKET, N.Y. -- Excel Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : XLTC) today announced that, at a special meeting of Stockholders held on April 4, 2006, the stockholders of the Company voted to adopt the Agreement and Plan of Merger with Coherent, Inc. (Santa Clara, CA, NASDAQ: COHR COHR Congolese Observatory of Human Rights ) providing for the acquisition of the Company by Coherent, Inc. On March 28, 2006, the Company announced that the Antitrust Division of the Department of Justice (DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. ) requested additional information and documentary material in connection with its review of the proposed acquisition, which request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. of 1976. Excel Technology is responding to the DOJ request. About Excel Technology Founded in 1985, Excel Technology and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. manufacture and market photonics-based solutions, consisting of laser systems and electro-optical components, primarily for industrial/commercial and scientific applications. |
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