Newport Stockholders Approve Acquisition Of Newport By MKS Instruments

Date Announced: 27 Apr 2016

$980M deal set to close Friday April 29.

IRVINE, Calif., April 27, 2016 /PRNewswire/ -- Newport Corporation (NEWP) (the "Company"), a worldwide leader in photonics solutions, today announced that all proposals necessary for MKS Instruments, Inc. ("MKS") to acquire the Company were approved by the Company's stockholders at a special meeting of its stockholders held on April 27, 2016.  Holders of over 99% of the shares of the Company's common stock present and voting at the special meeting, representing over 80% of the outstanding shares of the Company's common stock, voted in favor of the proposal to approve the acquisition.

As previously announced, on February 22, 2016, the Company and MKS entered into a definitive merger agreement pursuant to which MKS would acquire the Company.  Pursuant to the merger agreement, upon consummation of the merger, the Company's stockholders will receive $23.00 in cash for each share of the Company's common stock.

The Company expects that the transaction will close on April 29, 2016.

Source: Newport

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