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ESI Shareholders Approve Merger Agreement with MKS Instruments, Inc.

Date Announced: 10 Jan 2019

Transaction now expected to close in early February.

PORTLAND, Ore., Jan. 10, 2019 (GLOBE NEWSWIRE) -- 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.

Source: ESI


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