SANTA CLARA, Calif., July 10 /PRNewswire-FirstCall/ -- Coherent, Inc.
(Nasdaq: COHR), today announced that on July 7, 2006, the German Federal
Cartel Office (the "FCO") notified Coherent that the FCO has currently
decided to extend its investigation into the acquisition of Excel
Technology, Inc. as it relates to certain low-power range CO2 laser
products. Coherent intends to fully cooperate with the FCO in its
continuing investigation, and remains confident that the FCO will allow the
transaction to close. All other regulatory conditions to close, including
US Department of Justice approval, have been satisfied.
The statement in this press release that relates to Coherent's
confidence that the FCO will allow the transaction to close is a
forward-looking statement. Factors that could cause actual results to
differ materially include risks and uncertainties, including the ultimate
outcome of the negotiation with, and determination of, the FCO and other
risks identified in the Company's SEC filings. Actual results, events and
performance may differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date hereof. The Company undertakes no obligation to update these
forward-looking statements as a result of events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Readers are encouraged to refer to the risk disclosures described in
the Company's reports on Forms 10-K, 10-Q and 8-K, as applicable.
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.
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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