Versum Materials Stockholders Approve Acquisition of Company by Merck KGaA
June 17 2019 - 6:46PM
Dow Jones News
By Stephen Nakrosis
Shareholders of Versum Materials Inc. (VSM) on Monday approved
an acquisition by Germany's Merck KGaA (MKKGY) at a special meeting
at Versum headquarters in Tempe, Arizona.
In April, Merck KGaA said it reached a deal to buy Versum for
$53 a share in cash. That trumped a potential bid from Entegris
Inc. (ENTG), who earlier in the year said it planned a deal with
Versum.
Versum provides services to the semiconductor and display
industries.
Merck KGaA is a science and technology company.
Versum said it expects the transaction will close in the second
half of 2019.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 17, 2019 18:31 ET (22:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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