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Strategies & Market Trends : Value Investing

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To: bruwin who wrote (23928)7/11/2006 12:29:43 PM
From: Lazarus  Read Replies (1) of 78744
 
Form 8-K for DYNASIL CORP OF AMERICA

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11-Jul-2006

Other Events

Item 8.01. Other Events
In accordance with its previously announced growth strategy, Dynasil Corporation of America ("Dynasil") has signed a letter of intent to acquire another optical manufacturing company located in the Eastern United States. Consummation of the transaction is contingent upon several important and necessary conditions that may not be met, including completion of due diligence, obtaining required financing from outside sources on acceptable terms, and negotiation, execution and performance of a definitive acquisition agreement, and related other agreements and documents. The proposed acquisition candidate supplies optical components, products and services to markets related to those currently served by Dynasil and its Optometrics Corporation subsidiary ("Optometrics"). Dynasil expects that, if consummated, the acquisition will close at or before the end of its current fiscal year on September 30, 2006.
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