ATC - MKS Instruments acquisition of Atotech may need to be renegotiated canceled - analyst

MKS Instruments (NASDAQ:MKSI) planned $5 billion acquisition of Atotech (NYSE:ATC) may have to be renegotiated or the deal may be cancelled as the March 31 deadline for deal termination approaches, according to Wells Fargo. With Atotech (ATC) shares trading below pre-deal speculation price and an extended timeline will likely require a higher offer price for the deal to be completed, Wells Fargo analyst Joe Quatrochi, who has a $155 price target and equal weight rating on MKSI, wrote in a note on Wednesday. MKSI can likely increase its offer price by $2/share for the cash portion of the deal. The analyst's comments come as the combination has been delayed as Chinese antitrust authorities analyze the deal as third parties reportedly have concerns about the acquisition. A report from last week said the transaction was said to have been refiled in front of China's main antitrust regulator. "While it remains difficult to predict

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MKS Instruments acquisition of Atotech may need to be renegotiated, canceled - analyst