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.
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