Merck extends offer period for AZ Electronic Materials
Merck announced that as of 1 p.m. (GMT) on February 5, 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 December 5, 2013, announced that it was offering GBpence 403.5 per share of AZ in cash, with the successful completion of the transaction being conditional among others upon antitrust clearances as well as a minimum acceptance level of 95% of the share capital. Merck today extended the offer period to February 18, 2014.
Merck also announced that in addition to the US antitrust clearance announced on January 23, 2014, in the meantime the German Federal Cartel Office has granted early clearance with effect from February 5, 2014 and the Taiwan Fair Trade Commission has granted early clearance with effect from January 24, 2014. All other antitrust filings have been initiated and are proceeding in the normal course, including in China where Phase 1 of the review by the Ministry of Commerce of the People’s Republic of China was initiated on January 29, 2014 and will end on February 28, 2014.
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