Knobias Clip Report (08-27-2008) GSIG/XLTC
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Submitted By Knobias ClipReport
GSIG/XLTC: GSI Group Completes Tender Offer for Excel Technology
By Fain Hughes, fhughes@knobias.com
GSI Group Inc. (GSIG) announced successful completion of the tender offer by its indirect wholly owned subsidiary Eagle Acquisition Corporation (EAC) for all outstanding shares of common stock of Excel Technology, Inc. (XLTC).
As of the expiration on August 26, 2008, stockholders of Excel had validly tendered 10,115,199 shares of Excel common stock, representing approximately 92.78% of the outstanding shares of Excel common stock.
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