Versum Materials announced the filing of an investor presentation with the SEC and that the Versum Board of Directors sent a letter to Versum shareholders regarding the previously announced definitive merger agreement with Entegris, urging shareholders to vote the WHITE proxy card “FOR” the merger agreement with Entegris at the Special Meeting of Stockholders on April 26, 2019.
In its letter, Versum said: “The Versum-Entegris combination creates compelling LONG-TERM, SUSTAINABLE VALUE POTENTIAL for Versum shareholders,” and further said it believes Merck’s tender offer ” does not represent a best-in-class valuation multiple for high growth, high margin businesses; the offer is below recent high quality specialty materials transactions.”
Merck KGaA goes Hostile in Versum Takeover Bid
Merck KgaA Urges Versum Shareholders to Vote Against Entegris Deal
Merck urges Versum Materials shareholders to support its bid
