Filed by II-VI Incorporated
pursuant to Rule 425 under the
Securities Act of 1933 and deemed
to be filed pursuant to Rule 14d-2
of the Securities and Exchange Act
of 1934
Subject Company:
Laser Power Corporation
Commission File
No.: 000-22625
August 9, 2000
Jim Martinelli
Treasurer & Chief Financial Officer
(724) 352-4455
[email protected]
II-VI Homepage: www.ii-vi.com
II-VI ANNOUNCES LASER POWER EXCHANGE RATIO
PITTSBURGH, PA - August 9, 2000 - II-VI Incorporated (Nasdaq: "IIVI")
announced today that Laser Power stockholders will receive .052 shares of
II-VI common stock and $3.08 cash for each share of Laser Power
Corporation (Nasdaq: "LPWR") common stock (including the associated right
to purchase preferred stock) validly tendered pursuant to the exchange
offer. This exchange ratio was calculated based on a volume weighted
average trading price of II-VI common stock of $39.80 per share. The
volume weighted average trading price was calculated over the twelve
consecutive trading days from July 24, 2000 through and including August
8, 2000. The exchange offer is scheduled to expire at 12:00 midnight on
Friday, August 11, 2000.
Investors and security holders are advised to read II-VI's registration
statement and tender offer statement with respect to its exchange offer
for Laser Power stock, and any amendments or supplements to these
documents, which contain important information. Copies of these
documents, and any other documents filed by II-VI and Laser Power with
the SEC, can be obtained free of charge at the SEC's Internet website at
http://www.sec.gov. Free copies of the exchange offer materials may also
be obtained by calling II-VI's information agent, Morrow & Co., Inc.,
toll-free at (800) 566-9061.
Headquartered in Saxonburg, Pennsylvania II-VI Incorporated designs,
manufactures and markets optical and electro-optical components, devices
and materials for infrared, near-infrared, visible light, x-ray and
gamma-ray instrumentation and has recently announced new products to
serve the telecommunication industry. II-VI's infrared products are used
primarily in high-power CO2 (carbon dioxide) lasers. II-VI's VLOC
subsidiary manufactures near-infrared and visible light products for
industrial, scientific and medical instruments and solid-state (such as
YAG and YLF) lasers and products for the telecommunications industry.
II-VI's eV PRODUCTS division manufactures and markets solid-state x-ray
and gamma-ray detector products for the nuclear radiation detection
industry.
CONTACT: Jim Martinelli, Treasurer & Chief Financial Officer of
II-VI Incorporated, 724-352-4455, or e-mail, [email protected]
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