ATC - Atotech/MKS Instruments spread narrows on report China finalizing its review

• The deal spread in MKS Instruments' ( NASDAQ: MKSI ) planned acquisition of Atotech ( NYSE: ATC ) narrowed on a report that China's antitrust regulator is finalizing its review of the deal.
• China's State Administration for Market Regulation is finalizing its review of the combination and approval could come any time, according to traders, who cited a report that's being circulated.
• The latest updates comes after a report from the same outfit earlier this month said the companies appear to have agreements with third parties in China and there appears to be a path to China approval.
• In early April the companies agreed to extend the walk date for the transaction to Sept. 30 to allow additional time for the regulatory approval by China.
• Potential antitrust approval for the ATC/MKSI deal comes after China late last month approved II-VI's purchase of Coherent.
• MKSI is set to report Q2 results on Wednesday with a conference call on Thursday morning.

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