Mks Instrs Inc - MKSI STOCK NEWS

Lumentum Holdings has issued a statement regarding MKS Instruments' unsolicited acquisition proposal for Coherent, asserting that the proposal is misleading and fraught with regulatory risks. Lumentum emphasizes that its agreed merger with Coherent provides a more secure path to completion, promising to tackle antitrust regulations effectively. MKS's proposal lacks necessary commitments to mitigate significant overlaps, which could lead to value loss for Coherent shareholders. The definitive agreement between Lumentum and Coherent includes a $100.00 cash payment and 1.1851 Lumentum shares per Coherent share, anticipated to finalize in the latter half of 2021.

MKS Instruments (MKSI) has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on March 5, 2021. Shareholders of record as of February 22, 2021 will qualify for this dividend. The company emphasizes that future dividends are subject to the Board's final determination. MKS Instruments is known for its advanced manufacturing technologies, serving sectors like semiconductor, industrial tech, and life sciences. The company has highlighted the potential implications of external factors, including the ongoing impact of the Covid-19 pandemic, on its future financial obligations.

MKS Instruments has proposed to acquire Coherent, Inc. in a cash and stock deal valued at approximately $240 per share, totaling $6 billion. This offer represents a 16% premium over Coherent's prior merger agreement with Lumentum. MKS anticipates this acquisition will help create a global leader in photonics, with expected synergies of $180 million within three years and a positive impact on earnings per share within 12 months post-closure. The transaction will involve a cash component of $115 and shares of MKS stock for Coherent shareholders.

Coherent, Inc. (NASDAQ: COHR) announced it received an unsolicited acquisition proposal from MKS Instruments, Inc. (NASDAQ: MKSI) offering $115 in cash and 0.7473 of an MKS share per Coherent share. This proposal is subject to closing conditions such as antitrust approvals. On January 19, Coherent entered a merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE), offering $100 in cash and 1.1851 Lumentum shares per Coherent share. Coherent's board is evaluating the MKS proposal, recognizing it could be superior to Lumentum's offer but continues to recommend the Lumentum merger to shareholders.

MKS Instruments, Inc. reported record quarterly revenue of $660 million, a 32% increase year-over-year. Non-GAAP net earnings surged 96% year-over-year to $130 million, while net income rose 170% to $116 million. The company achieved an annual operating cash flow of $513 million and free cash flow of $428 million, up 110% and 137% respectively. The Semiconductor Market drove growth, with significant advances in Power Solutions. For Q1 2021, MKS anticipates revenue between $650 million and $675 million, with earnings guidance indicating $1.91 per diluted share.

MKS Instruments, Inc. (NASDAQ: MKSI) will release its fourth quarter and full year 2020 financial results on January 27, 2021, after market close. A conference call with management is scheduled for January 28, 2021, at 8:30 a.m. (Eastern Time). Participants can join via phone or watch a live and archived webcast on the company's website. MKS Instruments provides advanced technologies across various sectors, focusing on improving productivity and performance in manufacturing processes.

MKS Instruments, a leader in advanced manufacturing technologies, will have CFO Seth Bagshaw join the Needham's 23rd Annual Virtual Growth Conference on January 14, 2021, at 10:45 a.m. EST. The event will feature a virtual fireside chat focused on the company's innovations and growth strategies. A live webcast will be accessible via the Investor Relations section of their website, with a replay available for a limited time after the event. MKS Instruments specializes in process control solutions, serving markets such as semiconductor, industrial technologies, and life sciences.

MKS Instruments (NASDAQ: MKSI) has secured a multi-system order for its ESI^® Geode^™ HDI via drilling systems from a prominent HDI PCB manufacturer in Taiwan. This order aims to enhance current manufacturing capabilities and support future technology development. The Geode system, developed by MKS' Equipment and Solutions Division, is designed for high-volume HDI PCB manufacturing, offering advanced performance features like superior throughput and refined power control. The technology strengthens MKS' position as a leader in the market.

MKS Instruments (NASDAQ: MKSI) has secured a substantial order for 80 units of its ESI CapStone™ system from a leading PCB processor in Greater China. This system addresses challenges in 5G-related processing and enhances production capabilities for flex PCBs. The CapStone system employs advanced laser technology to boost throughput and yield, enabling manufacturers to effectively process diverse flex PCB applications. MKS aims to help clients stay competitive in the evolving market.