Germany’s Merck is chipping into the aggressive M&A game. rob_cyran
Germany’s Merck said on Feb. 27 that it has made an unsolicited $5.2 billion cash offer for Versum Materials. The deal would also include $700 million in net debt.
At $48 per share, the offer for the American producer of chemicals and materials for the semiconductor industry represents a 16 percent premium to where Versum’s shares closed on Feb. 26. Versum in January announced an all-stock merger with rival Entegris that valued Versum at $4 billion. In a statement Versum said it still believed in the “strategic and financial rationale” of its tie-up with Entegris, but would “thoroughly review” the Merck proposal.
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