UPDATE 1-GT Solar to buy Crystal Systems, eyes LED market

Newswire

* GT Solar to pay $24 mln in cash, issue 5.4 mln shares * Sees deal adding to EPS by end of FY 2012 * Deal to add to operating income in the next 18 months* * GT Solar shares up 4 percent NEW YORK, July 30 (Reuters) - U.S. solar equipment maker GT Solar International Inc said on Friday it would buy privately held sapphire maker Crystal Systems for about $57.8 million in cash and stock, giving it a foothold in the fast-growing LED market. Sapphire is used as a substrate in the ...

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