The Firm is representing Versum Materials, Inc. (NYSE: VSM) in connection with its announced merger of equals with Entegris, Inc. (NASDAQ: ENTG). Under the terms of the merger agreement, the companies will be combined in an all-stock transaction, in which Versum shareholders will receive a fixed exchange ratio of 1.12 shares of Entegris common stock for each share of Versum common stock. Upon completion of the merger, Entegris shareholders will own 52.5%, and Versum Materials shareholders will own 47.5% of the combined company. The combined company will be a premier specialty materials company for the semiconductor and other high-tech industries.
The transaction is subject to shareholder approval from both companies, the receipt of U.S. and international regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2019.
Versum is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to the global semiconductor and display industries. Entegris is a leader in specialty chemicals and advanced materials solutions for the microelectronics industry and other high-tech industries.
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