ANDOVER, MA – MKS Instruments confirmed it submitted a revised offer on Mar. 5 to acquire all outstanding shares of Coherent for $250 per share, composed of $135 in cash and $115 in shares of MKS common stock.
“We respect the Coherent board’s determination, though we are disappointed they did not declare ours to be a superior offer,” said John T.C. Lee, president and CEO of MKS. “We have always been focused on long-term value creation. We continue to believe MKS is the best partner for Coherent, and our analysis with respect to synergies, leverage, and dilution gives us confidence that the near- and long-term value creation of our offer exceeds that of the competing offers. However, we remain disciplined acquirers.”
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