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BUSINESS
June 4, 1996
Unit Instruments Inc. said Monday it has completed its acquisition of Control Systems Inc. for stock and cash valued at about $5 million. Control Systems, a privately held fabricator of gas isolation boxes and gas panels, will operate as a subsidiary of Unit Instruments. Control Systems is based in Rio Rancho, N.M. Unit Instruments Inc. is a leading manufacturer of mass flow controllers and other equipment critical to the semiconductor manufacturing process.
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BUSINESS
November 13, 1998 | Bloomberg News
Unit Instruments Inc., a Yorba Linda-based maker of computer-chip equipment parts, said it agreed for a second time to reduce the price at which it will be acquired by U.S. Filter Corp. Under the new terms, U.S. Filter, the No. 1 water-treatment company, will pay between $8 and $10 in stock for each Unit Instruments share, or a maximum of about $40 million. That's down from $11.03 in stock for each Unit Instruments share, or $44 million, in the previous agreement, announced Aug. 5.
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BUSINESS
April 9, 1998
Unit Instruments Inc., a manufacturer of mass flow controllers and gas delivery systems for the semiconductor and industrial markets, said it lost $5.1 million, or $1.21 a share, for the third fiscal quarter, which included a pretax restructuring charge of $4.9 million and $1.5 million for other expenses. That compares with a net loss of $900,000, or 21 cents a share, for the corresponding period in 1997. Sales for the quarter ended Feb. 28 increased 39% to $13.3 million from $9.6 million.
BUSINESS
October 2, 1998
Unit Instruments Inc., Yorba Linda supplier of mass flow controllers for the semiconductor equipment industry, lost $1.6 million, or 39 cents a share, for the first fiscal quarter ended Aug. 29, which included $714,000 in pretax charges related to inventory reserves, severance expenses for previously announced staff cuts and legal fees related to merger activities and litigation. For the first quarter of the prior fiscal year, the company earned $359,000, or 8 cents a share.
BUSINESS
July 1, 1997
Unit Instruments Inc. said Monday that it has been selected as the supplier of mass flow controllers to a new venture backed by the semiconductor groups of Siemens Corp. and Motorola Inc. A Unit Instruments spokesman said the company expects to pick up $5 million or more in revenue from the sale and servicing of its products, which control the flow of gases used in manufacturing semiconductor chips.
BUSINESS
November 13, 1998 | Bloomberg News
Unit Instruments Inc., a Yorba Linda-based maker of computer-chip equipment parts, said it agreed for a second time to reduce the price at which it will be acquired by U.S. Filter Corp. Under the new terms, U.S. Filter, the No. 1 water-treatment company, will pay between $8 and $10 in stock for each Unit Instruments share, or a maximum of about $40 million. That's down from $11.03 in stock for each Unit Instruments share, or $44 million, in the previous agreement, announced Aug. 5.
BUSINESS
January 23, 1996
Unit Instruments said it has opened a service facility in Scotland in response to the rapid growth of semiconductor activity there and in northern England. "Several major manufacturers, including Motorola, National Semiconductor and NEC, have expanded their semiconductor fabrication facilities in Scotland," said Gabriel J. Byrne, managing director of Unit Ltd. in Dublin, Ireland. Siemens has announced a $1.5-billion fabrication plant investment for Newcastle, England.
BUSINESS
January 12, 1997
Unit Instruments Inc. posted a loss for the second fiscal quarter as sales dropped 48%. The company, which makes products for the semiconductor industry, said the severe downturn in demand for semiconductor equipment affected financial results. Unit Instruments said it lost $2.7 million, or 61 cents a share, for the three months ended Nov. 30, compared with net income of $2.6 million, or 58 cents a share, which included a gain of $1.5 million on the disposal of operations.
BUSINESS
August 9, 1998
Unit Instruments Inc., which makes parts for semiconductor manufacturing equipment, said it lost $496,000, or 12 cents a share, for the fiscal fourth quarter, compared with a net loss of $900,000, or 21 cents a share, for the fourth fiscal quarter of 1997. Sales for the quarter ended May 31 declined 2% to $9.4 million from $9.6 million. For the year, the company posted a net loss of $4.6 million, or $1.08 a share, which included a $4.9-million restructuring charge. The company lost $4.
BUSINESS
June 30, 1998
Unit Instruments Inc. shares surged 39% after the maker of parts for semiconductor manufacturing equipment said it's in talks to be acquired. Yorba Linda-based Unit Instruments didn't identify the buyer or disclose other details on the proposed transaction. Its shares rose $2.56 to close at $9.13 in Nasdaq trading. Earlier, the stock hit $10.75, its biggest gain since changing its name from Autoclave Engineers Inc. on Nov. 17, 1995. Any sale would need approval from shareholders.
BUSINESS
August 6, 1998 | Bloomberg News
U.S. Filter Corp., the No. 1 water-treatment company, cut its purchase price for computer chip-equipment parts maker Unit Instruments Inc. to $44 million from $50.5 million amid a weak semiconductor market. U.S. Filter will pay $11.03 in stock for each share of Unit, Unit said. That's down from $12.62 a share in the original purchase agreement from July 2. Yorba Linda-based Unit Instruments had about 4 million shares outstanding as of March 31. U.S.
BUSINESS
July 18, 1998 | Bloomberg News
Unit Instruments Inc. said Friday it will fire 42 employees at its plant in Yorba Linda because of a weak semiconductor market. The cuts represent about 15% of the company's 308-employee work force. Unit, which makes parts for semiconductor-manufacturing equipment, said production also will be reduced to four days from five at its plants worldwide. The company said it hasn't determined the amount of the charge it will take in its first quarter ending Aug. 29.
BUSINESS
July 3, 1998 | JOHN O'DELL, TIMES STAFF WRITER
Unit Instruments Inc., which makes parts for semiconductor manufacturing equipment, said Thursday it has signed an agreement to be acquired by U.S. Filter Corp. in a stock transaction valued at $50.5 million. Palm Desert-based U.S. Filter will pay $12.62 in stock for each share of Unit--a 40% premium over Thursday's closing price of $9 a share. The agreement was announced after the U.S. markets closed. Unit, based in Yorba Linda, will become a subsidiary of U.S. Filter's USF Kinetics group.
BUSINESS
July 3, 1998
U.S. Filter Corp., the world's largest water-treatment company, agreed to buy Unit Instruments Inc., which makes parts for semiconductor-manufacturing equipment, for $50.5 million. Palm Desert-based U.S. Filter will pay $12.62 in stock for each share of Yorba Linda-based Unit, a 40% premium over its Nasdaq close of $9. Unit had about 4 million shares outstanding as of March 31. U.S. Filter said the acquisition will allow it to offer more complete semiconductor production systems.
BUSINESS
June 30, 1998
Unit Instruments Inc. shares surged 39% after the maker of parts for semiconductor manufacturing equipment said it's in talks to be acquired. Yorba Linda-based Unit Instruments didn't identify the buyer or disclose other details on the proposed transaction. Its shares rose $2.56 to close at $9.13 in Nasdaq trading. Earlier, the stock hit $10.75, its biggest gain since changing its name from Autoclave Engineers Inc. on Nov. 17, 1995. Any sale would need approval from shareholders.
BUSINESS
April 9, 1998
Unit Instruments Inc., a manufacturer of mass flow controllers and gas delivery systems for the semiconductor and industrial markets, said it lost $5.1 million, or $1.21 a share, for the third fiscal quarter, which included a pretax restructuring charge of $4.9 million and $1.5 million for other expenses. That compares with a net loss of $900,000, or 21 cents a share, for the corresponding period in 1997. Sales for the quarter ended Feb. 28 increased 39% to $13.3 million from $9.6 million.
BUSINESS
January 22, 1998 | Dow Jones
Unit Instruments Inc. named president and chief executive Michael J. Doyle to the additional position of chairman. Doyle replaces James C. Levinson, who retired. The company named Donald M. Spero director, filling the vacant board seat. Spero is principal of Spero Quality Strategies, Bethesda, Md., which provides investment and advisory services.
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