ESI Shareholders Approve Merger Agreement with MKS Instruments, Inc.
10 Enero 2019 - 3:30PM
Electro Scientific Industries, Inc. (NASDAQ: ESIO), an innovator in
laser-based manufacturing solutions for the micro-machining
industry, announced that at a Special Meeting of Shareholders held
earlier today, ESI shareholders voted to approve the previously
announced definitive merger agreement with MKS Instruments, Inc.
(NASDAQ: MKSI).
Upon consummation of the transaction, ESI shareholders will
receive $30.00 per share, in cash, for a total of approximately $1
billion. All necessary regulatory and shareholder approvals are now
complete, and subject to the satisfaction of certain remaining
customary closing conditions, the transaction is expected to close
in early February 2019. Upon the closing of the transaction,
trading of ESI’s shares on NASDAQ will cease.
About ESI, Inc.
ESI enables our customers to commercialize technology using
precision laser processes. ESI’s solutions produce the industry’s
highest quality and throughput and target the lowest total cost of
ownership. ESI is headquartered in Portland, Oregon, with global
operations and subsidiaries in Asia, Europe and North America. More
information is available at www.esi.com.
Cautionary Note Regarding Forward-Looking
Statements
This communication, and any documents to which ESI refers you in
this communication, contains not only historical information, but
also forward-looking statements made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements represent ESI’s
current expectations or beliefs concerning future events, including
but not limited to the expected completion and timing of the
proposed transaction. Without limiting the foregoing, the words
“expects,” “may,” “will,” and similar expressions are intended to
identify forward-looking statements. You should read any such
forward-looking statements carefully, as they involve a number of
risks, uncertainties and assumptions that may cause actual results
to differ significantly from those projected or contemplated in any
such forward-looking statement. Those risks, uncertainties
and assumptions include, (i) the risk that the proposed transaction
may not be completed in a timely manner or at all, which may
adversely affect ESI’s business and the price of the common stock
of ESI, (ii) the failure to satisfy any of the conditions to the
consummation of the proposed transaction, (iii) the occurrence of
any event, change or other circumstance that could give rise to the
termination of the merger agreement, (iv) the effect of the
announcement or pendency of the proposed transaction on ESI’s
business relationships, operating results and business generally,
(v) risks that the proposed transaction disrupts current plans and
operations and the potential difficulties in employee retention as
a result of the proposed transaction, (vi) risks related to
diverting management’s attention from ESI’s ongoing business
operations, (vii) the outcome of any legal proceedings that may be
instituted against us related to the merger agreement or the
proposed transaction, (viii) unexpected costs, charges or expenses
resulting from the proposed transaction, and (ix) other risks
described in ESI’s filings with the SEC, such as its Quarterly
Reports on Form 10-Q and Annual Reports on Form 10-K.
Forward-looking statements speak only as of the date of this
communication or the date of any document incorporated by reference
in this document. Except as required by applicable law or
regulation, ESI does not assume any obligation to update any such
forward-looking statements whether as the result of new
developments or otherwise.
Contact
Erica Mannion or Michael FunariSapphire Investor Relations,
LLC617-542-6180investorrelations@esi.com
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