Merck KGaA, Darmstadt, Germany, Completes Acquisition of Versum Materials
10/07/2019 08:22 am EST
Share Post
Facebook Twitter LinkedIn Mail
TEMPE, Ariz. (October 7, 2019) ‒ Versum Materials, Inc., a leading materials supplier to the semiconductor industry, today announced that it has completed the announced transaction with Merck KGaA, Darmstadt, Germany.
Under the terms of the transaction, stockholders are entitled to receive $53.00 per share in cash, without interest and less any applicable withholding tax, for each share of common stock owned prior to the completion of the merger, representing an equity value of approximately US$5.8 billion. As a result of the completion of the acquisition, Versum Materials' common stock will cease trading on the NYSE.
About Versum Materials
Versum Materials, Inc. (NYSE: VSM) is one of the world's leading suppliers of next-generation CMP slurries, ultra-thin dielectric and metal film precursors, formulated cleans and etching products, and delivery equipment that has revolutionized the semiconductor industry. Versum Materials has annual sales of approximately US $1.4 billion, 2,300 employees and operates 14 major facilities in Asia and North America. It is headquartered in Tempe, Arizona. Prior to its separation on Oct. 1, 2016, Versum Materials had operated for more than three decades as a division of Air Products and Chemicals, Inc. (NYSE: APD).
For additional information, please visit https://www.versummaterials.com.
We'll surpass your expectations.Talk to a product specialist today.Contact Us
Previous Post: Versum Announces China Antitrust Clearance of Merger; Announces Expected Closing Date
Attachments
Original document
Permalink
Disclaimer
Versum Materials Inc. published this content on 07 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2019 12:26:05 UTC
Versum Materials, Inc. is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets. The DS&S segment designs, manufactures, installs, operates, and maintains chemical and gas delivery and distribution systems for specialty gases and chemicals delivered directly to its customers' manufacturing tools. The Company is engaged in molecular design and synthesis, purification, advanced analytics, formulation development and containers and delivery systems for the handling of high purity materials.