MOSCOW (MRC) -- -Versum Materials, Inc. (NYSE: VSM), a leading materials supplier to the semiconductor industry, today announced that the State Administration for Market Regulation of the People’s Republic of China (SAMR) provided unconditional antitrust clearance for the proposed acquisition of Versum by Merck KGaA, Darmstadt, Germany, said the company.
Subject to the satisfaction of other customary closing conditions, Versum expects the merger to close on October 7, 2019.
Upon completion of the merger, Versum’s stockholders will have the right to receive USD53.00 per share in cash, without interest and less any applicable withholding tax, for each share of common stock that they own immediately prior to the completion of the merger.
Versum, which was spun off from Air Products in 2016, is described as one of the world's leading suppliers of high-purity process chemicals, gases and equipment for semiconductor manufacturing.
It had sales of about USD1.4bn last year and employs 2,300 people across 15 manufacturing and seven R&D facilities in North America and Asia.
As MRC informed earlier, Versum Materials Inc. rejected a USD5.9 billion takeover offer from Merck KGaA, and said it’s committed to completing the previously announced merger with Entegris Inc.
Versum Materials, Inc. VSM, +0.03% 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.
MRC