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Versum Materials Inc (VSM.N)

VSM.N on New York Stock Exchange

52.00USD
18 Apr 2019
Change (% chg)

$0.02 (+0.04%)
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$51.98
Open
$52.00
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$52.03
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$51.94
Volume
650,846
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356,665
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$52.09
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Fri, Apr 12 2019

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Merck KGaA clinches $6.5 billion Versum takeover in bet on electrochemicals

FRANKFURT Germany's Merck KGaA sealed a $6.5 billion takeover deal with Versum Materials after overturning a deal it had agreed with rival bidder Entegris.

UPDATE 1-Merck KGaA clinches $6.5 bln Versum takeover in bet on electrochemicals

* To fund deal with cash on hand, debt (Releads, adds background)

Merck KGaA wins Versum's support for sweetened $6.5 billion offer

FRANKFURT Merck KGaA won the backing of Versum's board for a sweetened $6.5 billion takeover proposal, overturning an agreed merger with rival Entegris as it bets on a recovery in electronic materials markets.

UPDATE 2-Merck KGaA wins Versum's support for sweetened $6.5 bln offer

* Consolidation move in the semiconductor materials market (Adds Entegris comment, Merck deal logic)

Merck KGaA raises offer for Versum Materials to $53 per share

April 8 Versum Materials Inc said on Monday that Merck KGaA had raised its offer for the company to $53 per share from $48.

Versum opens books, begins to warm to rival suitor Merck KGaA

Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group's unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.

UPDATE 3-Versum opens books, begins to warm to rival suitor Merck KGaA

* Versum stands by Entegris deal for now (Adds Merck statement)

CORRECTED-UPDATE 1-Versum urges shareholders to reject Merck KGaA hostile bid

March 29 Versum Materials Inc on Friday urged its shareholders to reject a hostile bid from Merck KGaA , but said it would engage with the German pharma group to determine if the offer is superior to its agreed merger with rival Entegris.

Versum urges shareholders to reject Merck KGaA hostile bid

March 29 Versum Materials Inc on Friday urged its shareholders to reject a hostile bid from Merck KGaA , but said it would engage with the German pharma group to determine if the offer is superior to its agreed merger with rival Entegris.

Merck KGaA goes hostile in $5.9 billion Versum takeover battle

FRANKFURT German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival bidder.

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