Newport Corp (NEWP) Tops Q4 EPS by 4c
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February 23, 2016 7:10 AM EST
IRVINE, Calif., Feb. 23, 2016 /PRNewswire/ --Â Newport Corporation (NASDAQ: NEWP) today reported financial results for its fourth quarter and year ended January 2, 2016.Â
Newport announced that it has entered into an agreement with MKS Instruments, Inc. (Nasdaq: MKSI), pursuant to which MKS has agreed to acquire Newport for $23.00 per share in cash, in a transaction valued at approximately $980 million. In anticipation of this transaction, Newport will not be conducting conference calls to discuss its results for the fourth quarter or any subsequent periods, and will not be... More
February 23, 2016 7:01 AM EST
Acquiring an Industry-Leading Technology Company that Serves Common Markets with Complementary Customer SolutionsExpands MKS Addressable Market by $4.8 BillionStrengthens Presence in Key Strategic Markets Semiconductor, Industrial, Research and Life SciencesExpected to Realize $35 Million in Annualized Cost Synergies Within 18-36 Months Expected to be Accretive to MKS Non-GAAP Earnings and Free Cash Flow in the First 12 Months Following the Closing
ANDOVER, Mass., Feb. 23, 2016 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies... More
