Flexible Electronics News

Merck Reaches Agreement on Recommended Cash Offer for AZ Electronic Materials to Strengthen Performance Materials Division

Offer values AZ Electronic Materials at around GBP 1.6 billion (approximately 1.9 billion euros)

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Merck announced an agreement with the Board of Directors of AZ Electronic Materials regarding a recommended cash offer for the entire share capital of AZ to further expand Merck’s materials and specialty chemicals business by adding a globally leading premium supplier of high-tech materials for the electronics industry. According to the terms of the agreement, Merck is offering GBpence 403.5 per share of AZ in cash, valuing AZ at around GBP 1.6 billion (around € 1.9 billion). The offer repres...

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