Entegris And CMC Materials Receive China Antitrust Clearance For Pending Acquisition

Entegris, Inc. (NASDAQ:ENTG) and CMC Materials, Inc. (NASDAQ:CCMP) today announced that China's State Administration for Market Regulation has given antitrust clearance for Entegris' previously announced acquisition of CMC Materials. The transaction has now received all required regulatory clearances. Entegris and CMC Materials anticipate that the transaction will close on or about July 6, 2022, subject to the satisfaction of the remaining customary closing conditions.

The parties announced their agreement for Entegris to acquire CMC Materials in a cash and stock transaction on December 15, 2021. The transaction brings together two highly complementary portfolios, creating the industry's most comprehensive and innovative electronic materials offering.