Versum Materials Stockholders Approve Merger with Merck KGaA, Darmstadt, Germany
June 17 2019 - 6:00PM
Business Wire
Versum Materials, Inc. (NYSE: VSM), a leading specialty
materials and equipment supplier to the semiconductor industry,
today announced the stockholders of Versum have approved the merger
with Merck KGaA, Darmstadt, Germany at a special meeting held today
at the Versum headquarters in Tempe, Arizona, USA.
Versum continues to expect the transaction, which is subject to
regulatory clearances and the satisfaction of other customary
closing conditions, to close in the second half of 2019.
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
http://www.versummaterials.com.
Cautionary Statement Regarding Forward-Looking
Statements
This communication may contain forward-looking statements based
on current assumptions and forecasts made by Versum Materials, Inc.
(“Versum”) management. Various known and unknown risks,
uncertainties and other factors could lead to a delay or failure to
close the merger with Merck KGaA, Darmstadt, Germany. These factors
include the following: Merck KGaA, Darmstadt, Germany’s ability to
successfully complete the proposed acquisition of Versum or realize
the anticipated benefits of the proposed transaction in the
expected time-frames or at all; Merck KGaA, Darmstadt, Germany’s
ability to successfully integrate Versum’s operations into those of
Merck KGaA, Darmstadt, Germany; such integration may be more
difficult, time-consuming or costly than expected; the failure of
any of the conditions to the proposed transaction to be satisfied;
the retention of certain key employees at Versum; risks associated
with the disruption of management’s attention from ongoing business
operations due to the proposed transaction; the outcome of any
legal proceedings related to the proposed transaction; the parties’
ability to meet expectations regarding the timing and completion of
the proposed transaction; delays in obtaining any approvals
required for the proposed transaction or an inability to obtain
them on the terms proposed or on the anticipated schedule; the
impact of indebtedness incurred by Merck KGaA, Darmstadt, Germany,
in connection with the proposed transaction; the effects of the
business combination of Versum and Merck KGaA, Darmstadt, Germany,
including the combined company’s future financial condition,
operating results, strategy and plans; and other factors discussed
in Merck KGaA, Darmstadt, Germany’s public reports which are
available on the Merck KGaA, Darmstadt, Germany website at
www.emdgroup.com or in Versum’s Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission (the “SEC”) for
the fiscal year ended on September 30, 2018 and Versum’s other
filings with the SEC, which are available at http://www.sec.gov and
Versum’s website at www.versummaterials.com. Except as otherwise
required by law, Versum assumes no liability whatsoever to update
these forward-looking statements or to conform them to future
events or developments. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of
the date hereof.
The Versum Materials logo and Versum are registered trademarks
of Versum Materials, Inc. or its affiliates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190617005908/en/
Versum Materials, Inc.Investor Inquiries:Soohwan Kim, CFA,
602-282-0957Soohwan.Kim@versummaterials.comorMedia
Inquiries:Tiffany Elle,
480-282-6475Tiffany.Elle@versummaterials.com
Versum Materials (NYSE:VSM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Versum Materials (NYSE:VSM)
Historical Stock Chart
From Feb 2024 to Feb 2025