ATC - MKS Instruments planned purchase of Atotech said to see some Chinese concerns
A Chinese regulator is said to have recently expressed some concerns about MKS Instrument's planned $5B acquisition of Atotech (NYSE:ATC). ATC fell 2.3% and MKSI dropped 1.9%. China's Ministry of Industry and Information Technology ("MIIT"), which helps to oversee the chip sector, recently discussed its concerns about the ATC/MKSI combination with China's main antitrust regulator, according to a Dealreporter item. The concerns likely mean that the the transaction will require a remedy to address the issues. The transaction may have to be refiled as remedy talks haven't begun, according to Dealreporter. The deal doesn't appear to be seeing antitrust concerns, the issues from MIIT center on supply continuity. MKS Instruments (NASDAQ:MKSI) agreed to buy Atotech (ATC) for $16.20 in cash and 0.0552 of a share of MKS common stock in July.
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MKS Instruments planned purchase of Atotech said to see some Chinese concerns