MOUNTAIN VIEW, Calif., Dec. 31, -- Spectra-Physics Inc. announced that Thermo Electron Corp., its majority stockholder, has completed a cash tender offer of $17.50 per share for any and all outstanding shares of Spectra-Physics common stock. In its Dec. 24 news release announcing the completion of the cash tender offer, Thermo Electron said the offer and withdrawal rights expired at midnight on Friday, Dec. 21. Equiserve Trust Company LP, the depositary for the offer, reported that Thermo Electron acquired approximately 3,631,895 shares of Spectra-Physics common stock in the tender offer,...Read full articleRelated content from Photonics Media