Wednesday, March 6, 2019

Merck KGaA Upgrades the Ante on Versum With Letter to Shareholders

Merck KGaA on Tuesday said it remained committed to pursuing its acquisition of Versum Materials after receiving a formal rejection from Versum's board of directors last week, about a month after Entegris announced a planned merger with the company.

In an open letter to Versum shareholders, Merck said its offer of $48 a share for Versum--which would value the deal at more than $5.2 billion--was "unquestionably superior," and that the market had already expressed preference for it. 

Source: 4-traders LINK

No comments:

Post a Comment