The Firm is representing Versum Materials, Inc. (NYSE: VSM) in connection with its definitive agreement to be acquired by Merck KGaA, Darmstadt, Germany (FWB:MRK), for $53 per share in cash, reflecting an enterprise value of approximately $6.5 billion. The transaction is expected to close in the second half of 2019, subject to the approval of Versum stockholders, regulatory clearances and the satisfaction of other customary closing conditions. Concurrently with entering into the transaction, Versum terminated its previously announced $9 billion merger of equals with Entegris, Inc. (NASDAQ: ENTG).
Versum is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Merck KGaA, Darmstadt, Germany, is a long-term oriented, predominantly family-owned leader in science and technology, founded over 350 years ago and operating across healthcare, life science and performance materials, with 2018 sales of €14.8 billion in 66 countries.
The Simpson Thacher team includes Mario Ponce, Jakob Rendtorff, Nicholas Marricco, Lauren Kim and Alexia Syrmos (M&A); Roxane Reardon (Corporate); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Executive Compensation and Employee Benefits); Bill Sheehan, Cristina Gonzalez and Leah Nudelman (Banking and Credit); Sunny Cheong and Andrew Mandelbaum (Capital Markets); Marcy Geller and Drew Purcell (Tax); Karen Hsu Kelley and Joia Lee (Public Company Advisory Practice); and Lori Lesser, Genevieve Dorment and Melanie Jolson (Intellectual Property).
The Firm is representing Versum Materials, Inc. (NYSE: VSM) in connection with its definitive agreement to be acquired by Merck KGaA, Darmstadt, Germany (FWB:MRK), for $53 per share in cash, reflecting an enterprise value of approximately $6.5 billion. The transaction is expected to close in the second half of 2019, subject to the approval of Versum stockholders, regulatory clearances and the satisfaction of other customary closing conditions. Concurrently with entering into the transaction, Versum terminated its previously announced $9 billion merger of equals with Entegris, Inc. (NASDAQ: ENTG).
Versum is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Merck KGaA, Darmstadt, Germany, is a long-term oriented, predominantly family-owned leader in science and technology, founded over 350 years ago and operating across healthcare, life science and performance materials, with 2018 sales of €14.8 billion in 66 countries.
The Simpson Thacher team includes Mario Ponce, Jakob Rendtorff, Nicholas Marricco, Lauren Kim and Alexia Syrmos (M&A); Roxane Reardon (Corporate); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Executive Compensation and Employee Benefits); Bill Sheehan, Cristina Gonzalez and Leah Nudelman (Banking and Credit); Sunny Cheong and Andrew Mandelbaum (Capital Markets); Marcy Geller, Drew Purcell and Edward Grais (Tax); Karen Hsu Kelley and Joia Lee (Public Company Advisory Practice); Lori Lesser, Genevieve Dorment and Melanie Jolson (Intellectual Property); Adeeb Fadil and Timothy Mulvihill (Environmental); Pete Kazanoff, Craig Waldman, Joshua Polster, Adam Saltzman and Jacob Lundqvist (Litigation); Daniel Venditti (Labor); and Peter Thomas, Mick Tuesley and Mark Skerry (CFIUS).
The Firm is representing Versum Materials, Inc. (NYSE: VSM) in connection with its definitive agreement to be acquired by Merck KGaA, Darmstadt, Germany (FWB:MRK), for $53 per share in cash, reflecting an enterprise value of approximately $6.5 billion. The transaction is expected to close in the second half of 2019, subject to the approval of Versum stockholders, regulatory clearances and the satisfaction of other customary closing conditions. Concurrently with entering into the transaction, Versum terminated its previously announced $9 billion merger of equals with Entegris, Inc. (NASDAQ: ENTG).
Versum is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Merck KGaA, Darmstadt, Germany, is a long-term oriented, predominantly family-owned leader in science and technology, founded over 350 years ago and operating across healthcare, life science and performance materials, with 2018 sales of €14.8 billion in 66 countries.
The Simpson Thacher team includes Mario Ponce, Jakob Rendtorff, Nicholas Marricco, Lauren Kim and Alexia Syrmos (M&A); Roxane Reardon (Corporate); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Executive Compensation and Employee Benefits); Bill Sheehan, Cristina Gonzalez and Leah Nudelman (Banking and Credit); Sunny Cheong and Andrew Mandelbaum (Capital Markets); Marcy Geller, Drew Purcell and Edward Grais (Tax); Karen Hsu Kelley and Joia Lee (Public Company Advisory Practice); Lori Lesser, Genevieve Dorment and Melanie Jolson (Intellectual Property); Adeeb Fadil and Timothy Mulvihill (Environmental); Pete Kazanoff, Craig Waldman, Joshua Polster, Adam Saltzman and Jacob Lundqvist (Litigation); Daniel Venditti (Labor); and Peter Thomas, Mick Tuesley and Mark Skerry (CFIUS).
The Firm is representing Versum Materials, Inc. (NYSE: VSM) in connection with its definitive agreement to be acquired by Merck KGaA, Darmstadt, Germany (FWB:MRK), for $53 per share in cash, reflecting an enterprise value of approximately $6.5 billion. The transaction is expected to close in the second half of 2019, subject to the approval of Versum stockholders, regulatory clearances and the satisfaction of other customary closing conditions. Concurrently with entering into the transaction, Versum terminated its previously announced $9 billion merger of equals with Entegris, Inc. (NASDAQ: ENTG).
Versum is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Merck KGaA, Darmstadt, Germany, is a long-term oriented, predominantly family-owned leader in science and technology, founded over 350 years ago and operating across healthcare, life science and performance materials, with 2018 sales of €14.8 billion in 66 countries.
The Simpson Thacher team includes Mario Ponce, Jakob Rendtorff, Nicholas Marricco, Lauren Kim and Alexia Syrmos (M&A); Roxane Reardon (Corporate); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Executive Compensation and Employee Benefits); Bill Sheehan, Cristina Gonzalez and Leah Nudelman (Banking and Credit); Sunny Cheong and Andrew Mandelbaum (Capital Markets); Marcy Geller, Drew Purcell and Edward Grais (Tax); Karen Hsu Kelley and Joia Lee (Public Company Advisory Practice); Lori Lesser, Genevieve Dorment and Melanie Jolson (Intellectual Property); Adeeb Fadil and Timothy Mulvihill (Environmental); Pete Kazanoff, Craig Waldman, Joshua Polster, Adam Saltzman and Jacob Lundqvist (Litigation); Daniel Venditti (Labor); and Peter Thomas, Mick Tuesley and Mark Skerry (CFIUS).