Newport to acquire Micro Robotics Systems

Newport Corp. announced Jan. 23 that it plans to acquire Micro Robotics Systems Inc. (MRSI, North Billerica, Mass.) for an estimated $55-65 million, which includes a combination of cash, Newport stock and the assumption and conversion of certain MRSI stock options. The final purchase price will be determined by Newport's share price when the transaction closes.

02/01/2002


Newport Corp. announced Jan. 23 that it plans to acquire Micro Robotics Systems Inc. (MRSI, North Billerica, Mass.) for an estimated $55-65 million, which includes a combination of cash, Newport stock and the assumption and conversion of certain MRSI stock options. The final purchase price will be determined by Newport's share price when the transaction closes. The transaction, subject to customary closing conditions, is expected to close in 1Q02. MRSI is a privately held manufacturer of high precision, fully automated assembly and dispensing systems for the fiber optic communications, microwave and semiconductor equipment markets.





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