Bulletin
Investor Alert

Market Pulse Archives

April 12, 2019, 8:26 a.m. EDT

Merck KGaA to buy Versum in all-cash deal valued at 5.8 billion euros

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Merck KGaA (MRK)
  • X
    Entegris Inc. (ENTG)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

Merck KGaA /zigman2/quotes/200605022/delayed DE:MRK +0.37% said Friday it has signed a definitive agreement to acquire Versum Materials Inc. in a deal with an enterprise value of 5.8 billion euros ($6.6 billion). Merck will pay $53 per Versum share in cash to create a top supplier of high-purity process chemicals, gases and equipment for semiconductor manufacturing, the company said in a statement. The deal is expected to immediately boost Merck's per-share earnings and to close in the second half. Versum's board has terminated its merger agreement with Entegris Inc. /zigman2/quotes/200628784/composite ENTG +0.77% on the grounds that the Merck offer is superior. The deal will be financed with cash on hand and debt via a facilities agreement with Bank of America Merrill Lynch, BNP Paribas Fortis and Deutsche Bank AG. Merck is determined to maintain its strong investment grade rating, it said in a statement. Versum shares were slightly higher premarket, but have gained 38% in the past 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% has gained 8%.

/zigman2/quotes/200605022/delayed
DE : Germany: Frankfurt
175.55
+0.65 +0.37%
Volume: 101.00
Nov. 25, 2022 10:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€286,891
loading...
/zigman2/quotes/200628784/composite
US : U.S.: Nasdaq
$ 75.79
+0.58 +0.77%
Volume: 800,017
Nov. 25, 2022 1:00p
P/E Ratio
37.54
Dividend Yield
0.53%
Market Cap
$11.30 billion
Rev. per Employee
$433,747
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
loading...

Get news alerts on S&P 500 Index — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.