TITLE

Coherent speaks out on blocked acquisition

PUB. DATE
December 2006
SOURCE
Industrial Laser Solutions;Dec2006, Vol. 21 Issue 12, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the reaction of Coherent Inc. to the decision of the German Federal Cartel Office (FCO) to block its proposed acquisition of Excel Technology Inc. during the fourth quarter fiscal 2006 conference call in Santa Clara, California. According to Coherent President and CEO John Ambroseo, the FCO has subordinated the primacy of the U.S. Department of Justice in a combination of American firms. The purpose of the acquisition is also explained.
ACCESSION #
23506762

 

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