SAN FRANCISCO ADE Corp. has extended the deadline for completing its merger with KLA-Tencor Corp. to Nov. 10 to allow KLA-Tencor to obtain clearance from Germany authorities, according to a regulatory filing. The previous deadline had been Monday (Aug. 28).
Unless the merger has been completed or deadline extended by Nov. 10, either party may terminate the merger agreement, ADE said through the filing with the U.S. Securities and Exchange Commission.
German antitrust authorities notified KLA-Tencor last month that they would conduct a second phase of investigation on the proposed merger. KLA-Tencor and ADE both expressed at that time that they were confident that the merger would eventually receive clearance.