MKS Instruments purchase of Atotech approved in China (update)

Jul. 28, 2022 8:41 AM ETMKS Instruments, Inc. (MKSI)By: Joshua Fineman, SA News Editor

MKS Instruments headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

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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