ATC - MKS Instruments acquisition of Atotech likely to eventually get China approval

MKS Instruments (NASDAQ:MKSI) $5 billion planned acquisition of Atotech (NYSE:ATC) is likely to get approval from China's antitrust regulator, though the authority needs additional time to negotiate remedies. China's State Administration for Market Regulation, or SAMR, is ultimately expected to approve the combination if it has more time, according to a Dealreporter item from Friday, which cited a source familiar. The latest news comes as a March 31 walk deadline for the deal approaches. Earlier this month another report said that the ATC/MKSI transaction was said to have been refiled in China. While SAMR initially planned to clear the deal without conditions, SAMR received concerns from third parties in its final check. The complaints are "vocal" and mainly eminent from MKS's consumers, according to the Dealreporter item. The source who spoke the publication wouldn't directly confirm if discussions to extend the deal end date were taking place. MKSI didn't respond to trade

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MKS Instruments acquisition of Atotech likely to eventually get China approval