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.
SOURCE Coherent, Inc.
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Related links:
http://www.coherent.com
CONTACT:
Peter Schuman of Coherent, Inc.,
+1-408-764-4174
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