MKS ANNOUNCES COMPLETION OF PLAN OF ARRANGEMENT

WATERLOO, ON, May 31, 2011 /CNW/ - MKS Inc. (TSX:MKX) ("MKS") today announced the completion of the previously announced statutory plan of arrangement (the "Arrangement") pursuant to which Parametric Technology Corporation acquired all of the outstanding common shares of MKS at a price of Cdn $26.20 per share in cash.

MKS shareholders who hold their common shares through a broker or other financial intermediary will receive payment of the purchase price for their common shares through the broker or other financial intermediary, following the deposit by the broker or financial intermediary of share certificates with CIBC Mellon Trust Company, the depositary for the plan of arrangement. Shareholders who hold their common shares in registered form will receive payment of the purchase price following the deposit of their MKS share certificates with the depositary in accordance with the instructions contained in the Letter of Transmittal previously sent to registered shareholders. Any questions regarding payment of the purchase price, including any request for an additional copy of the Letter of Transmittal, should be directed to the depositary via telephone at 1-800-387-0825 (toll free in North America) or 416-643-5500 or via email at inquiries@cibcmellon.com.

With the completion of the Arrangement, the common shares of MKS will be delisted from the Toronto Stock Exchange.

About MKS
MKS enables organizations to reduce the overwhelming complexity of developing software intensive products thereby removing barriers to rapid innovation.

MKS Integrity manages all systems and software development processes and connects all engineering artifacts, including requirements, models, code and tests, ensuring comprehensive lifecycle traceability.  MKS Integrity's open architecture integrates disparate tools into a streamlined engineering process, allowing orchestration of engineering change and collaboration across the technology supply chain.  With MKS Integrity, engineering teams improve productivity and quality, streamline compliance and gain complete product visibility, which ultimately drives more innovative products into the market.

With offices worldwide, MKS supports customers across industries including, Automotive, Aerospace and Defense, High Tech Electronics and Medical Devices.  For more information about MKS and MKS Integrity, visit our web site at http://www.mks.com.

Copyright © 2011 MKS Inc. MKS and MKS Integrity are trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners. 

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Although the Company believes the expectations represented by such forward looking statements are reasonable, there can be no assurance that those expectations will prove to be correct. The Company does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE MKS Inc.

For further information:

Doug Sawatzky

MKS Inc.

Phone: 519-883-3252

Email: Doug.Sawatzky@mks.com

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