|
30.06.2016 14:28:16
|
DGAP-News: ROFIN-SINAR Technologies Inc.
DGAP-News: ROFIN-SINAR STOCKHOLDERS APPROVE ACQUISITION BY COHERENT
30.06.2016 / 14:28 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- PRESS RELEASE -
Investor Contacts: Media Contacts: Katharina Manok Bill Fiske / Rajeev Kumar M. Pascale / N. Maitland ROFIN-SINAR Georgeson Abernathy MacGregor 011-49-40-733-63-4256 201-222-4250/201-222-4226 212-371-5999 - or - BFiske@georgeson.com mmp@abmac.com 734-416-0206 RKumar@georgeson.com nam@abmac.com
ROFIN-SINAR STOCKHOLDERS APPROVE ACQUISITION BY COHERENT
Plymouth, MI / Hamburg, Germany, June 30, 2016 - ROFIN-SINAR Technologies Inc. ("ROFIN" or "the Company") (NASDAQ: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources, laser- based solutions and components, today announced that ROFIN stockholders voted at the Special Meeting held yesterday to adopt the previously announced merger agreement providing for the acquisition of ROFIN by Coherent, Inc. ("Coherent"). Holders of more than 95% of the shares of the Company's common stock present and voting at the Special Meeting voted in favor of the transaction, representing more than 74% of the outstanding shares of the Company's common stock.
As announced on March 16, 2016, ROFIN and Coherent entered into a merger agreement pursuant to which Coherent will acquire ROFIN for $32.50 per share in cash. ROFIN's stockholder approval was a condition to the closing of the merger. The completion of the transaction remains subject to the satisfaction of other necessary closing conditions, including the receipt of necessary regulatory approvals and the timely completion of Coherent's financing for the merger. ROFIN continues to anticipate that the transaction will be completed in the last calendar quarter of 2016.
About ROFIN
With 40 years of experience, ROFIN-SINAR Technologies is a leading developer, designer and manufacturer of lasers and laser-based system solutions for industrial material processing applications. The Company focuses on developing key innovative technologies and advanced production methods for a wide variety of industrial applications based on a broad scope of technologies. The product portfolio ranges from single laser-beam sources to highly complex systems, covering all of the key laser technologies such as solid-state, fiber, ultrashort pulse and CO2 lasers, as well as diode lasers, and the entire power spectrum, from single-digit watts up to multi-kilowatts, as well as a comprehensive spectrum of wavelengths or pulse durations and an extensive range of laser components. ROFIN-SINAR Technologies has its operational headquarters in Plymouth, Michigan, and Hamburg, Germany, and maintains production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore and China. ROFIN currently has more than 55,000 laser units installed worldwide and serves more than 4,000 customers. The Company's shares trade on the Nasdaq Global Select Market under the symbol RSTI and are listed in Germany in the "Prime Standard" segment of the Frankfurt Stock Exchange under ISIN US7750431022. ROFIN is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index. Additional information is available on the Company's home page: www.rofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "target," "future," "continue," "anticipate," "believe," "estimate," "expect," "strategy," "likely," "may," "should" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding future plans, events or performance, including guidance relating to revenues and earnings per share; expected operating results, such as revenue growth and earnings; expected seasonal impact; current or future volatility in the exchange rates and future economic conditions; anticipated levels of capital expenditures, including for corporate actions such as share buybacks; expectations of our long-term financial prospects, margin and cash flow expansion; our strategy for growth, product portfolio development, market position, financial results and reserves; and the expected consummation and timing of the merger with Coherent.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: downturns in the machine tool, automotive, semiconductor, electronics, photovoltaic, and medical device industries which may have, in the future, a material adverse effect on our sales and profitability; the ability of our OEM customers to incorporate our laser products into their systems; the impact of exchange rate fluctuations, which may be significant because a substantial portion of our operations is located in non-US countries; the level of competition and our ability of to compete in the markets for our products; our ability to develop new and enhanced products to meet market demand or to adequately utilize our existing technology; third party infringement of our proprietary technology or third party claims against us for the infringement or misappropriation of proprietary rights; the scope of patent protection that we are able to obtain or maintain; competing technologies that are similar to or that serve the same uses as our technology; our ability to efficiently manage the risks associated with our international operations; risks associated with recent changes in our senior management personnel; the worldwide economic environment, including specifically but not limited to in Asia; any adverse impact to us resulting from the announcement or pendency of the Merger; any adverse impact to us resulting from the announcement or implementation of any one or more of our cost reduction programs, as permitted under the Merger Agreement; the distraction to management and costs resulting from any historical or future proxy contest; any changes in our board as a result of any future proxy contest; and such other factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K, as amended, for the year ended September 30, 2015. Any forward- looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. # # #
---------------------------------------------------------------------------
30.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Rofin-Sinar Technologies Inc. 40984 Concept Drive MI 48170 Plymouth United States Phone: + 49 (0)40 - 73363-4256 Fax: + 49 (0)40 - 73363-4138 E-mail: ir@rofin.com Internet: www.rofin.com ISIN: US7750431022 WKN: 902757 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Nasdaq End of News DGAP News Service ---------------------------------------------------------------------------
476057 30.06.2016
DGAP-News: ROFIN-SINAR Technologies Inc. / Key word(s): AGM/EGM ROFIN-SINAR STOCKHOLDERS APPROVE ACQUISITION BY COHERENT
30.06.2016 / 14:28 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- PRESS RELEASE -
Investor Contacts: Media Contacts: Katharina Manok Bill Fiske / Rajeev Kumar M. Pascale / N. Maitland ROFIN-SINAR Georgeson Abernathy MacGregor 011-49-40-733-63-4256 201-222-4250/201-222-4226 212-371-5999 - or - BFiske@georgeson.com mmp@abmac.com 734-416-0206 RKumar@georgeson.com nam@abmac.com
ROFIN-SINAR STOCKHOLDERS APPROVE ACQUISITION BY COHERENT
Plymouth, MI / Hamburg, Germany, June 30, 2016 - ROFIN-SINAR Technologies Inc. ("ROFIN" or "the Company") (NASDAQ: RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources, laser- based solutions and components, today announced that ROFIN stockholders voted at the Special Meeting held yesterday to adopt the previously announced merger agreement providing for the acquisition of ROFIN by Coherent, Inc. ("Coherent"). Holders of more than 95% of the shares of the Company's common stock present and voting at the Special Meeting voted in favor of the transaction, representing more than 74% of the outstanding shares of the Company's common stock.
As announced on March 16, 2016, ROFIN and Coherent entered into a merger agreement pursuant to which Coherent will acquire ROFIN for $32.50 per share in cash. ROFIN's stockholder approval was a condition to the closing of the merger. The completion of the transaction remains subject to the satisfaction of other necessary closing conditions, including the receipt of necessary regulatory approvals and the timely completion of Coherent's financing for the merger. ROFIN continues to anticipate that the transaction will be completed in the last calendar quarter of 2016.
About ROFIN
With 40 years of experience, ROFIN-SINAR Technologies is a leading developer, designer and manufacturer of lasers and laser-based system solutions for industrial material processing applications. The Company focuses on developing key innovative technologies and advanced production methods for a wide variety of industrial applications based on a broad scope of technologies. The product portfolio ranges from single laser-beam sources to highly complex systems, covering all of the key laser technologies such as solid-state, fiber, ultrashort pulse and CO2 lasers, as well as diode lasers, and the entire power spectrum, from single-digit watts up to multi-kilowatts, as well as a comprehensive spectrum of wavelengths or pulse durations and an extensive range of laser components. ROFIN-SINAR Technologies has its operational headquarters in Plymouth, Michigan, and Hamburg, Germany, and maintains production facilities in the US, Germany, UK, Sweden, Finland, Switzerland, Singapore and China. ROFIN currently has more than 55,000 laser units installed worldwide and serves more than 4,000 customers. The Company's shares trade on the Nasdaq Global Select Market under the symbol RSTI and are listed in Germany in the "Prime Standard" segment of the Frankfurt Stock Exchange under ISIN US7750431022. ROFIN is part of the Standard & Poor's SmallCap 600 Index and the Russell 2000 Index. Additional information is available on the Company's home page: www.rofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "target," "future," "continue," "anticipate," "believe," "estimate," "expect," "strategy," "likely," "may," "should" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding future plans, events or performance, including guidance relating to revenues and earnings per share; expected operating results, such as revenue growth and earnings; expected seasonal impact; current or future volatility in the exchange rates and future economic conditions; anticipated levels of capital expenditures, including for corporate actions such as share buybacks; expectations of our long-term financial prospects, margin and cash flow expansion; our strategy for growth, product portfolio development, market position, financial results and reserves; and the expected consummation and timing of the merger with Coherent.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: downturns in the machine tool, automotive, semiconductor, electronics, photovoltaic, and medical device industries which may have, in the future, a material adverse effect on our sales and profitability; the ability of our OEM customers to incorporate our laser products into their systems; the impact of exchange rate fluctuations, which may be significant because a substantial portion of our operations is located in non-US countries; the level of competition and our ability of to compete in the markets for our products; our ability to develop new and enhanced products to meet market demand or to adequately utilize our existing technology; third party infringement of our proprietary technology or third party claims against us for the infringement or misappropriation of proprietary rights; the scope of patent protection that we are able to obtain or maintain; competing technologies that are similar to or that serve the same uses as our technology; our ability to efficiently manage the risks associated with our international operations; risks associated with recent changes in our senior management personnel; the worldwide economic environment, including specifically but not limited to in Asia; any adverse impact to us resulting from the announcement or pendency of the Merger; any adverse impact to us resulting from the announcement or implementation of any one or more of our cost reduction programs, as permitted under the Merger Agreement; the distraction to management and costs resulting from any historical or future proxy contest; any changes in our board as a result of any future proxy contest; and such other factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K, as amended, for the year ended September 30, 2015. Any forward- looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. # # #
---------------------------------------------------------------------------
30.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Rofin-Sinar Technologies Inc. 40984 Concept Drive MI 48170 Plymouth United States Phone: + 49 (0)40 - 73363-4256 Fax: + 49 (0)40 - 73363-4138 E-mail: ir@rofin.com Internet: www.rofin.com ISIN: US7750431022 WKN: 902757 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Nasdaq End of News DGAP News Service ---------------------------------------------------------------------------
476057 30.06.2016
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu ROFIN-SINAR Technologies Inc.mehr Nachrichten
| Keine Nachrichten verfügbar. |
Analysen zu ROFIN-SINAR Technologies Inc.mehr Analysen
Nachrichten
ETF-Sparplan
Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.