Photon Control Completes Acquisition by MKS Instruments VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) -- Photon Control Inc. ( Photon Control or the Company ) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce that it has completed its previously announced plan of arrangement (the Arrangement ) with MKS Instruments, Inc. ( MKS ). Under the Arrangement, MKS, through its wholly-owned subsidiary 1302998 B.C. Ltd. ( B.C. Ltd. ), has acquired all of the issued and outstanding shares (the Shares ) of Photon Control in exchange for $3.60 in cash per Share, without interest and less applicable withholding taxes (the Consideration ). As a result of the Arrangement, Photon Control has become a wholly-owned subsidiary of B.C. Ltd.