Versum Materials Announces CFIUS Clearance of Merger with Merck KGaA, Darmstadt, Germany
VERSUM MATERIALS INC (VSM)
Last versum materials inc earnings: 8/6 09:00 am
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Source: Business Wire
TEMPE, Ariz.--(BUSINESS WIRE)--Versum Materials, Inc. (NYSE: VSM), a leading materials supplier to the semiconductor industry, today announced that Versum has received notice from the Committee on Foreign Investment in the United States (“CFIUS”) stating that CFIUS has completed its review of the previously announced proposed acquisition of Versum by Merck KGaA, Darmstadt, Germany and has concluded that there are no unresolved national security concerns with respect to the transaction. The parties continue to work toward closing in the second half of 2019, subject to receipt of antitrust clearance in China and the satisfaction of other customary closing conditions. Upon completion of the merger, Versum’s stockholders will have the right to receive $53.00 per share in cash, without interest and less any applicable withholding tax, for each share of common stock that they own immediately prior to the completion of the merger.Forward-Looking InformationThis press release contains “fo
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