Press release
MKS Instruments to Acquire Atotech
Results of Court Meeting and General Meeting LONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- On July 1, 2021, the board of directors of Atotech Limited (NYSE:ATC)
About this update from Mks Inc.
[{"type":"text","content":"Results of Court Meeting and General Meeting\nLONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- On July 1, 2021, the board of directors of Atotech Limited (NYSE:ATC) (“Atotech”) and the board of directors of MKS Instruments, Inc. (NASDAQ:MKSI) (“MKS”) announced that they had entered into a definitive agreement pursuant to which MKS would acquire the entire issued and to be issued share capital of Atotech (the “Acquisition”). The Acquisition is to be effected by means of a scheme of arrangement under Article 125 of the Companies (Jersey) Law 1991 (as amended). The Company announces that the Court Meeting to consider and, if thought fit, approve the Scheme and the General Meeting to consider and, if thought fit, pass the Resolution relating to the Acquisition were each held today and: (a)the requisite majority of eligible Scheme Shareholders voted in favour of the Scheme Resolution at the Court Meeting; and (b)the requisite majority of eligible Atotech Shareholders voted to pass the Resolution to implement the Scheme, including the amendment of Atotech’s articles of association, at the General Meeting, and, in each case, over 99 per cent of the Atotech Shares voted at the Meeting were voted in favour of the relevant resolution. A copy of the articles of association of Atotech (as amended pursuant to the Resolution passed at today’s General Meeting and with effect from its passing) is available for inspection on Atotech’s website at https://investors.atotech.com. Details of the resolutions passed are set out in the notices of the Court Meeting and General Meeting contained in the scheme document published on September 28, 2021 in relation to the Acquisition (the \"Scheme Document\"). Capitalised terms defined in the Scheme Document have the same meanings in this announcement. Timetable of Principal Events The expected timetable of principal events relating to the Scheme remains as set out on page 15 to 16 of the Scheme Document. Subject to the satisfaction or, where applicable, the waiver of the other Conditions (as set out in the Scheme Document) and the sanction by the Court at the Court Sanction Hearing, the Scheme is expected to become effective in the fourth quarter of 2021. If any of the dates and/or times in this expected timetable change materially, the revised dates and/or times will be published by public announcement in the Unit...