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People & Business :: M&A
Merck KGaA extends offer period for AZ Electronic Materials, receives early antitrust clearance
3:43 AM MST | February 6, 2014 | Natasha Alperowicz
Merck KGaA (Darmstadt, Germany) today announced that as of 1 p.m. GMT on 5 February 2014 shareholders representing 56.48% of the share capital of AZ Electronic Materials (AZ) had accepted Merck’s recommended cash offer for the company. Merck on 5 December 2013, announced that it was offering 403.5 pence per share of AZ in cash, with the successful completion of the transaction being conditional, among others, on antitrust clearances as well as a minimum acceptance level of 95% of the share capital. Merck today extended the offer period to 18 February...
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