Newport Corp (NEWP) Tops Q4 EPS by 4c
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February 24, 2016 6:53 AM EST
B. Riley downgraded Newport Corp. (NASDAQ: NEWP) from Buy to Neutral with a price target of $23.00 (from $22.50).
For an analyst ratings summary and ratings history on Newport Corp. click here. For more ratings news on Newport Corp. click here.
Shares of Newport Corp. closed at $22.76 yesterday.
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February 23, 2016 7:02 AM EST
MKS Instruments, Inc. (Nasdaq: MKSI) and Newport Corporation (Nasdaq: NEWP), a worldwide leader in photonics solutions, today announced that they have entered into an agreement for MKS Instruments to acquire Newport Corporation for $23.00 per share. The all-cash transaction is valued at approximately $980 million.
The combined company is expected to have approximately $1.4 billion in pro forma annual revenue, based on the two companies 2015 historical results. The transaction is expected to be accretive to MKS Instruments Non-GAAP net earnings and free cash flow during the first 12 months post-closing. The combined company... More
February 23, 2016 6:56 AM EST
Newport Corp (NASDAQ: NEWP) trading halted with news pending.
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