Versum shareholders approve $5.78B acquisition by German company

//Versum shareholders approve $5.78B acquisition by German company

Versum shareholders approve $5.78B acquisition by German company

As expected, Tempe’s Versum Materials Inc. shareholders on June 17 approved the company's acquisition by Merck KGaA for $53 per share in cash. The buyout deal values Versum at $5.78 billion. Shares of Versum closed Monday at $51.42. The special meeting of Versum stockholders was held after Versum and the German company signed a definitive agreement in April to solidify Merck’s proposal to buy Versum. Stefan Oschmann, Merck CEO and chairman of the executive board, said his company is pleased…

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By | 2019-06-17T23:47:07+00:00 June 17th, 2019|Technology|

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