Flexible Electronics News

GSI Group Completes Acquisition of Excel Technology

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By: DAVID SAVASTANO

Editor, Ink World Magazine

GSI Group announced that it has completed its acquisition of Excel Technology, Inc. pursuant to a short-form merger in which an indirect wholly owned acquisition subsidiary of GSI was merged with and into Excel, with Excel continuing as the sole surviving corporation and as an indirect wholly owned subsidiary of GSI. GSI previously announced the acquisition of approximately 92.78% of Excel’s outstanding common stock pursuant to a cash tender offer. In connection with the merger, all ou...

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