M&A
confidence high
sentiment neutral
materiality 0.95
MKS closes $4.4B Atotech acquisition; appoints new division COO and director
MKS INC
- Acquired Atotech on Aug 17, 2022, for ~$4.4B aggregate consideration (cash + stock).
- Issued 10.75M shares; each Atotech share exchanged for $16.20 cash and 0.0552 MKS share.
- Funded with new term loans: $1B Tranche A, $3.6B Tranche B, €600M Tranche, plus $500M revolver.
- Repaid prior $820M term loan; total debt substantially increased.
- James Schreiner named SVP & COO of Materials Solutions Division; Geoff Wild added to Board.