Entegris, Inc. ENTG, -3.66% a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today issued the following statement in response to Merck KGaA’s unsolicited offer to acquire Versum Materials, Inc. VSM, +17.75% a leading specialty materials supplier to the semiconductor industry:
“The all-stock merger of equals of Entegris and Versum Materials will create a premier specialty materials company for the semiconductor and other high-tech industries and will be able to deliver meaningful value to Versum Materials and Entegris stockholders,” said Bertrand Loy, President and CEO of Entegris. “We believe this combination is highly complementary and strategically compelling, providing stockholders of both companies with the opportunity to participate in the significant upside potential of the combined entity.”
Advisors
Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Entegris and Wachtell, Lipton, Rosen & Katz is serving as legal counsel.
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