Cabot Microelectronics Corporation Completes Acquisition of KMG Chemicals
CMC Materials, Inc. (CCMP)
Last cmc materials, inc. earnings: 2/5 07:00 pm
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ir.cabotcmp.com
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Source: GlobeNewswire
Significantly expands capabilities across consumables-based electronic materials, and adds high quality, growth-oriented performance materials productsKMG Electronic Chemicals business complements existing CMP product offerings and increases customer touchpoints with the world’s leading semiconductor manufacturers Acquired Performance Materials business provides exposure to new end-markets with attractive growth and profitability characteristics Targets to achieve $25 million of estimated annual cost synergies within the first two years Aurora, IL, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), today announced that it has completed its previously announced acquisition of KMG Chemicals, Inc. As a result of the acquisition, KMG has become a wholly owned subsidiary of Cabot Microelectronics. Under the terms of the definitive agreement, each share of KMG common stock was converted into the right to receive $55.65 in cash and 0.2000 of a sha
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