Danaher To Acquire Cepheid For $53.00 Per Share, Or Approximately $4 Billion

WASHINGTON, Sept. 6, 2016  -- Danaher Corporation (DHR) ("Danaher" or the "Company") announced today that it has entered into a definitive merger agreement with Cepheid (CPHD) pursuant to which Danaher will acquire all of the outstanding shares of Cepheid for $53.00 per share in cash, or a total enterprise value of approximately $4 billion including indebtedness and net of acquired cash.  
Cepheid is a leading and innovative global molecular diagnostics company that develops, manufactures, and markets accurate and easy to use molecular systems and tests. Cepheid's fully automated GeneXpert® systems enable rapid, sophisticated genetic testing and provide test results for the management of infectious diseases, among many clinical applications. With the largest global installed base of instruments and the broadest test menu available in molecular diagnostics, Cepheid delivers a unique, scalable and accessible system for institutions of any size and sophistication. Based on its public disclosures, Cepheid generated annual revenues of $539 million in 2015, with double-digit year-on-year organic revenue growth and greater than 75% of these revenues considered recurring. Cepheid has disclosed that in 2016 it expects to generate $618 to $635 million in revenues. Headquartered in Sunnyvale, California, Cepheid will become part of Danaher's $5 billion Diagnostics segment, joining the Company's Beckman Coulter, Leica Biosystems and Radiometer businesses.
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Cognex Reports Record Second Quarter Revenue and Earnings Per Share from Continuing Operations

NATICK, Mass.-- Cognex Corporation (CGNX) today announced its financial results for the second quarter of 2016. In Table 1 below, selected financial data for the quarter ended July 3, 2016 is compared to the first quarter of 2016, the second quarter of 2015 and the first six months of 2015. A reconciliation of certain financial measures from GAAP to non-GAAP is shown in Exhibit 2 of this news release.
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AS&E Enters into Agreement to be Acquired by OSI Systems for $37 Per Share in Cash

Transaction Follows a Thorough Strategic Alternatives Review Process Focused on Maximizing Shareholder Value
BILLERICA, Mass., June 21, 2016  -- American Science and Engineering, Inc. (ASEI) (“AS&E” or the “Company”), a leading worldwide supplier of innovative X-ray inspection solutions, today announced that it has entered into a definitive agreement to be acquired by OSI Systems, Inc. (OSIS) for $37.00 per share of AS&E common stock in an all-cash transaction, for a total transaction value of approximately $269 million. The transaction consideration represents a premium of approximately 25% based on the volume-weighted average closing stock price for the 90 days up to and including June 20, 2016. The transaction and the merger agreement were unanimously approved by AS&E’s Board of Directors.                 
AS&E noted that the transaction is the culmination of a strategic review process in which the Company, with the assistance of its independent financial and legal advisors, thoroughly reviewed a range of options to maximize shareholder value.
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Photon Control Reports First Quarter 2016 Financial Results

Quarterly Sales of $7.2 Million
Quarterly Net Earnings of $2.1 Million
Earnings per Share (Basic) of $0.02
BURNABY, BC, May 30, 2016 - Photon Control Inc. ("Photon Control" or the "Company") (TSX-V: PHO), a leading developer of optical measurement technologies, released its unaudited financial results for the first quarter ended March 31, 2016.
The significant progress achieved in fiscal 2015 made a positive impact on Photon Control's start of the current fiscal year.  In Q1 2016, the Company saw a continued strong level of sales, posting the second-best quarterly revenue in the Company's history.  Product sales for Q1 2016 were $7.2 M representing an increase of$0.4 M or approximately 6% compared with $6.8 M during the same period in 2015.  Profit before taxes for Q1 2016 was$2,140,899 compared to Q1 2015 profit before taxes of$3,721,407.  Foreign exchange loss for the three months endedMarch 31, 2016 was approximately ($0.7) M compared to foreign exchange gain of approximately $1.1 M during the same period in 2015.     
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CyberOptics Forecasts Revenues of $18.6-$19.1 Million for First Quarter of 2016

2016-04-12 16:00 ET - Receives New $2.4 Million Order for Additional MX600 Systems

MINNEAPOLIS -- CyberOptics Corporation (Nasdaq: CYBE) today reported that it is forecasting revenues of $18.6-$19.1 million and strong profitability for the first quarter of 2016 ended March 31, compared to revenues of $9.5 million in the first quarter of 2015.

First quarter revenues include approximately $2.5 million from the year-end 2015 backlog of MX600 memory module inspection systems and strong sales of SQ3000 automated optical inspection (AOI) systems.

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