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MKSI News Highlights
- For MKSI, its 30 day story count is now at 3.
- Over the past 1 days, the trend for MKSI's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- DOW are the most mentioned tickers in articles about MKSI.
Latest MKSI News From Around the Web
Below are the latest news stories about Mks Instruments Inc that investors may wish to consider to help them evaluate MKSI as an investment opportunity.
The Dow Jones Industrial Average rallied more than 150 points early Friday, as Treasury yields jumped. EV giant Tesla briefly reversed higher, then fell 1%.
Lumentum goes home with a $218 million breakup fee, while competing bidder MKS Instruments never had a signed deal.
The Dow Jones Industrial Average fell 250 points Thursday, as Bitcoin dived. EV giant Tesla stock slashed losses, while Nike tumbled 5%.
The Dow Jones Industrial Average rose 150 points Thursday, while tech stocks dived as Treasury yields spiked. Apple and Tesla stock skidded in morning trade.
Industrial and fiber laser solutions provider Coherent Inc (NASDAQ: COHR) confirmed receipt of a revised acquisition proposal from II-VI Inc (NASDAQ: IIVI). Each share of Coherent would be exchanged for $220 in cash and 0.91 of a share of II-VI under the new proposal beating Lumentum’s March 17 revised proposal of $220 in cash and 0.61 of a share of Lumentum. Coherent board certified the superiority of II-VI’s revised proposal over Coherent’s March 9, 2021 merger agreement with Lumentum Holdings Inc (NASDAQ: LITE) for $175 in cash and 1.0109 shares of Lumentum in exchange for each share of Coherent, post consultation with its financial and legal advisors. Coherent notified Lumentum regarding the possible termination of their merger agreement in the absence of a revised acquisition propo...
MKS stock has rebounded after the maker of semiconductor manufacturing gear withdrew from a bidding war for Coherent, leaving Ii-Vi and Lumentum to battle it out.
Dow Jones Futures Steady, Tech Futures Tumble As Treasury Yields Pop Before Fed Meeting; Plug Power Dives On Accounting
Tech futures tumbled as Treasury yields rose ahead of the Fed meeting decision. Plug Power stock plunged on accounting errors.
MKS Instruments cleared a double-bottom base buy point (at least intraday). MKS had been in a bidding war for laser maker Coherent.
Coherent, the provider of lasers and laser-based technologies, deemed the revised buyout offer from II-VI Incorporated on March 11 as a “Company Superior Proposal.” Per the terms of the revised proposal, the manufacturer of engineered materials and optoelectronic components will pay $195 in cash and 1 share of II-VI for each share of Coherent (COHR), instead of the $170 in cash and 1.0981 shares offered on March 8. Coherent intends to terminate the revised merger agreement with California-based manufacturer and seller of optical and photonic products, Lumentum Holdings (LITE), entered into on March 10.
Coherent, the provider of lasers and laser-based technologies, deemed the revised buyout offer from II-VI Incorporated as a “Company Superior Proposal.” Per the terms of the revised proposal, the manufacturer of engineered materials and optoelectronic components will pay $170 in cash and 1.0981 shares of II-VI for each share of Coherent (COHR). Coherent intends to terminate the merger agreement with California-based manufacturer and seller of optical and photonic products, Lumentum Holdings (LITE), entered into this January. The company has said the same to Lumentum unless Coherent receives a favorable revised proposal from Lumentum by March 11, 2021. Coherent previously agreed to be acquired for $100 in cash and 1.