WATERLOO, Ont.: Industrial laser maker Virtek Vision International Inc. has received a takeover approach estimated to be worth $22 million.
Virtek said the proposal comes from US laser and lighting maker StockerYale Inc. of Salem , NH .
"To date, there have been no negotiations between Virtek and StockerYale," the Waterloo-headquartered company stated.
"Virtek has not conducted any due diligence review of StockerYale, Virtek has not provided StockerYale with any confidential information related to Virtek and confidentiality agreements have not been entered into."

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