Staff of Reuters 1 minute Reuters (Reuters) – MKS Instruments Inc, a supplier of semiconductor equipment, announced on Thursday that it will pay $5.1 billion in cash and stock for speciality chemicals company Atotech Ltd. According to Reuters calculations, MKS will buy Atotech for $16.20 in cash and 0.0552 MKS common stock for each Atotech share, for a total value of nearly $26 per share. The offer marks a 10% premium over Atotech’s closing price on June 10, when Reuters reported that MKS had made an acquisition offer to the company. The purchase, which is anticipated to finalize in the fourth quarter of this year, would add Atotech’s plating chemicals to MKS’ chip manufacturing portfolio. In February, Atotech, financed by buyout company Carlyle Group Inc, debuted on the New York Stock Exchange. Chemicals and equipment for printed circuit boards and semiconductors are produced by the company, which are utilized in cellphones, appliances, and heavy machinery. In premarket trading on Thursday, Atotech’s stock was up nearly 4% to $26.50. Akanksha Rana contributed reporting from Bengaluru, and Shounak Dasgupta edited the piece./n
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