Mergers, deals, photonics
ESI and Zygo To Merge
Gregory T. Huang 10/16/08
Portland, OR-based Electro Scientific Industries (NASDAQ: ESIO) and Middlefield, CT-based Zygo (NASDAQ: ZIGO) announced today they have agreed to merge in an all-stock transaction. ESI’s expertise is in photonic microengineering, while Zygo’s is in metrology and optical systems. The merger is expected to be complete in the first quarter of 2009.
Gregory T. Huang is the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.
11/2/08 8:47 pm
Don’t do this. It appears to be a benefit to Zygo executives with no regard to the lower level employees.