MKS OBTAINS FINAL COURT ORDER APPROVING PLAN OF ARRANGEMENT
Waterloo, ON – May 26, 2011: MKS Inc. (TSX:MKX) (“MKS”) today announced that it has obtained a final order of the Ontario Superior Court of Justice approving the previously announced statutory plan of arrangement (the “Arrangement”) pursuant to which Parametric Technology Corporation will acquire all of the outstanding common shares of MKS for Cdn $26.20 cash per share.
Assuming that all conditions to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about May 31, 2011.
MKS enables organizations to reduce the overwhelming complexity of developing software intensive products thereby removing barriers to rapid innovation.
MKS Integrity manages all systems and software development processes and connects all engineering artifacts, including requirements, models, code and tests, ensuring comprehensive lifecycle traceability. MKS Integrity's open architecture integrates disparate tools into a streamlined engineering process, allowing orchestration of engineering change and collaboration across the technology supply chain. With MKS Integrity, engineering teams improve productivity and quality, streamline compliance and gain complete product visibility, which ultimately drives more innovative products into the market.
With offices worldwide, MKS supports customers across industries including, Automotive, Aerospace and Defense, High Tech Electronics and Medical Devices. For more information about MKS and MKS Integrity, visit our web site at http://www.mks.com.
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About the Writer
Since March 31, 1996, Dr. Russ Henke has been and remains active as president of HENKE ASSOCIATES, a San Francisco Bay Area high-tech business & management consulting firm. The number of client companies for Henke Associates now numbers nearly fifty.
During his corporate career, Henke operated sequentially on "both sides" of MCAE/MCAD and EDA, as a user and as a vendor. He's a veteran corporate executive from Cincinnati Milacron (Research Scientist), SDRC (President & COO), Schlumberger Applicon (Executive Vice President), Gould Electronics Imaging & Graphics (President and General Manager), ATP (Chairman & CEO), and Mentor Graphics (Vice President & General Manager).
Dr. Henke is a Fellow of the Society of Manufacturing Engineers (SME) and served on the SME International Board of Directors. Henke was also a board member of SDRC, PDA, ATP, and the MacNeal Schwendler Corporation, and he currently serves on the board of Stottler Henke Associates, Inc. Henke is also a member of the IEEE and a Life Fellow of ASME International.
In April 2006, Dr. Henke received the Lifetime Achievement Award from the CAD Society, presented by CAD Society at COFES2006 in Scottsdale, AZ. In February 2007, Henke became affiliated with Cyon Research's select group of experts on business and technology issues as a Senior Analyst. This Cyon Research connection aids and supplements Henke's ongoing, independent consulting practice (HENKE ASSOCIATES).
Dr. Henke is also a contributing editor of the EDACafé EDA WEEKLY, and he has written and published EDA WEEKLY articles every four weeks since November 2009; URL's available. Since May 2003 HENKE ASSOCIATES has also published or co-published ninety-six (96) independent COMMENTARY articles on MCAD, PLM, EDA and Electronics IP on IBSystems' MCADCafé and EDACafé. Further information on HENKE ASSOCIATES, and URL's for past articles and Commentaries, are available at
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-- Russ Henke, EDACafe.com Contributing Editor.