ATC - MKS Instruments purchase of Atotech said to see Chinese concerns from third parties

MKS Instrument's (NASDAQ:MKSI) planned $5B acquisition of Atotech (NYSE:ATC) is said to be seeing some issues with Chinese antitrust approval due to concerns from third parties. The companies are said to have made little progress in addressing issues of Chinese third parties, according to traders, who cited a report that's being circulated around. The report comes after Dealreporter last month said China's Ministry of Industry and Information Technology ("MIIT")  recently discussed its concerns about the ATC/MKSI combination with China's main antitrust regulator. The transaction may have to be refiled, Dealreporter said at the time. While the China's State Administration for Market Regulation ("SAMR") initially planned to clear the deal without conditions, the antitrust agency received concerns from third  parties in its final check, according to the report circulating on Wednesday. There's now some concern that SAMR won't be able to approve the deal before the March 31 deal termination deadline.

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MKS Instruments purchase of Atotech said to see Chinese concerns from third parties