RTTNews | Jun 11, 2021 02:22PM EDT

14:21 Friday, June 11, 2021 (RTTNews.com) - Atotech Ltd. (ATC) a chemical specialty chemicals group, is up 6% on Friday driven by a takeover offer.

According to Reuters, the company received an acquisition offer from MKS Instrrumental Inc. (MKSI). The chemical company will increase the production of semiconductor elements with its plating chemicals. Based in Berlin, Atotech is valued at $4.7 billion in the market. However, the company is yet to comment on the matter.

The stock is trading at $25.18 currently, up 6.24% or $1.48. In the 52-week period, the shares have ranged from $17.00 to $25.50.

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