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Stock Market & Financial Investment News

News Breaks
June 25, 2014
16:43 EDTGSIGGSI Group sells certain assets of Scientific Lasers business
GSI Group disclosed in a regulatory filing that on June 24, GSI Group, a New Brunswick Canada corporation, and certain of its subsidiaries entered into an Asset and Equity Purchase Agreement to sell certain assets and liabilities of GSI’s Scientific Lasers business under the Continuum brand name for approximately $7M in cash, subject to certain working capital adjustments. The consummation of the Asset Sale is subject to a number of closing conditions. GSI began to account for the Scientific Lasers business as discontinued operations in the first quarter of 2014.
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