ATC - MKS Instruments purchase of Atotech approved in China (update)
Update 8:40am : Adds company confirmation of China approval.
- MKS Instruments ( NASDAQ: MKSI ) planned purchase of Atotech ( NYSE: ATC ) was unconditionally cleared by China's antitrust authority.
- The deal is expected to close on Aug. 17 and the last day of trading for Atotech ( ATC ) will be Aug. 17, according to a statement from the companies.
- Dealreporter earlier reported news of the expected China approval. The news comes after a report Wednesday that China's State Administration for Market Regulation was finalizing its review and a decision was expected any time.
- 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.
- MKS Wednesday reported EPS of $2.59 beats by $0.28, revenue of $765M beats by $31.45M.
- MKSI started its Q2 conference call at 8:30am .
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MKS Instruments purchase of Atotech approved in China (update)