Friday July 14, 10:50 am Eastern Time
Company Press Release
SOURCE: MKS Instruments, Inc.
MKS Instruments Postpones Follow-on Offering
ANDOVER, Mass., July 14 /PRNewswire/ -- MKS Instruments, Inc. (Nasdaq: MKSI - news), a leading supplier of gas measurement, control and analysis products used in semiconductor and other advanced thin-film manufacturing processes, announced today that it would not proceed with a proposed follow-on public stock offering at this time, in light of recent market volatility and current market conditions. Today, the Company filed an amendment to the registration statement it filed with the Securities and Exchange Commission on April 10th of this year, converting the filing to a shelf registration statement.
MKS Instruments, Inc. is a leading worldwide developer, manufacturer and supplier of instruments, components and subsystems used to measure, control and analyze gases in
semiconductor manufacturing and similar industrial manufacturing processes. MKS Instruments,Inc. sold products to more than 4,000 customers in 1999. In addition to semiconductors, MKS's products are used in processes to manufacture a diverse range of products, such as optical filters,fiber optic cables, flat panel displays, magnetic and optical storage media, architectural glass,
solar panels and gas lasers. |
