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MKS Instruments, Atotech Receive Approval from the Royal Court of Jersey for the Pending Acquisition of Atotech
August 15, 2022 | AtotechEstimated reading time: Less than a minute
MKS Instruments, Inc., a global provider of technologies that enable advanced processes and improve productivity, and Atotech Limited, a leading process chemicals technology company and a market leader in advanced electroplating solutions, announced that the Royal Court of Jersey sanctioned the scheme of arrangement to implement MKS’ pending acquisition of Atotech. All material conditions to the closing of the acquisition have now been satisfied and the closing is scheduled for August 17, 2022, when the court order sanctioning the scheme of arrangement will be delivered to the Registrar of Companies for the Bailiwick of Jersey.
As previously announced on July 1, 2021, MKS entered into a definitive agreement with Atotech (as amended, the “Implementation Agreement”) pursuant to which MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech ordinary share.
As previously announced by Atotech, on November 3, 2021, the transaction was approved by Atotech shareholders at a meeting convened pursuant to an order of the Royal Court of Jersey, and a special resolution to implement the transaction was passed by Atotech shareholders at a general meeting.
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