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Feb. 27, 2019, 8:10 a.m. EST

Merck KGaA offers to buy Versum Materials in all-cash deal valued at $5.9 billion

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By Ciara Linnane

Germany's Merck KGaA /zigman2/quotes/206962101/composite MKKGY +2.00% /zigman2/quotes/200605022/delayed DE:MRK +3.09% said Wednesday it is offering to acquire Versum Materials Inc. in an all-cash deal with an enterprise value of $5.9 billion. Merck is offering to pay $48 per Versum share, which is equal to a 51.7% premium over Versum's closing share price before the Versum/Entegris merger announcement, and a 15.9% premium over the company's closing share price on Feb. 26. "Through the acquisition, Merck would further strengthen its position as a leading supplier for electronic materials," the company said in a statement. It's board is fully committed to pursuing the transaction and is prepared to move to due diligence and talks immediately, said the statement. Versum shares rose 16% premarket on the news. Merck's U.S.-listed shares were not yet active.

/zigman2/quotes/206962101/composite
US : U.S.: OTC
$ 37.16
+0.73 +2.00%
Volume: 43,136
Dec. 1, 2022 3:54p
P/E Ratio
21.51
Dividend Yield
0.72%
Market Cap
$77.80 billion
Rev. per Employee
$390,503
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/zigman2/quotes/200605022/delayed
DE : Germany: Frankfurt
178.45
+5.35 +3.09%
Volume: 930.00
Dec. 1, 2022 10:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€286,891
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