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People & Business :: M&A

Merck KGaA again extends offer period for AZ Electronic Materials

1:45 AM MST | February 17, 2014 | Natasha Alperowicz

Merck KGaA has extended the timeline of its recommended cash offer for AZ Electronic Materials until 1.00 pm (GMT) 28 February 2014, the company said on Friday. Merck on 6 February extended the deadline until 18 February 2014. The latest extension was made to allow Chinese antitrust authorities to complete their review. “While discussions with the Ministry of Commerce of the People’s Republic of China (Mofcom) have proceeded constructively, Merck and AZ have agreed, with the consent of the panel in accordance with the UK Code on Takeovers and...

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