Platform Specialty receives German antitrust clearance for Alent acquisition

++BREAKING NEWS++

Platform Specialty Products Corporation (NYSE:PAH) announced today that it had received antitrust clearance from the Federal Cartel Office in Germany in connection with its previously-announced recommended offer to acquire all of the issued and outstanding shares of Alent plc in a cash and stock transaction for approximately $2.1 billion by way of a court-sanctioned scheme of arrangement under the U.K. Companies Act 2006.

The Alent Acquisition remains subject to the sanction of the U.K. court and certain other closing conditions and approvals set forth in the Scheme, including, among others, regulatory approvals in certain other foreign jurisdictions. As of today, in addition to the approval in Germany, Platform has received notice of the early termination of the antitrust waiting period under the U.S. Hart-Scott Rodino Antitrust Improvements Act and approval from the South Korean regulatory authorities. The Alent Acquisition is expected to close in late 2015 or early 2016. Following closing of the Alent Acquisition, Platform will remain a New York Stock Exchange listed company domiciled in the United States.

Alent is a leading global supplier of advanced surface treatment plating chemicals and electronics assembly materials. Its principal end-market is global electronics production which accounts for approximately three-quarters of net sales value with the automotive and industrial end-markets comprising the balance.

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