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Company says $48 per share proposal represents a premium to current value of Entegris’ all-stock proposal.
February 28, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Merck KGaA, Darmstadt, Germany, delivered a letter to the Board of Directors of Versum Materials, Inc. outlining the terms of a superior proposal to acquire Versum for $48 per share in cash, representing a premium of 51.7% to the undisturbed trading price per Versum share on the trading day prior to announcement of the Entegris, Inc. transaction. “We truly believe in the power of a combined electronic materials portfolio of Merck KGaA, Darmstadt, Germany and Versum. Our attractive cash proposa...
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