Versum shareholders approve Merck merger


Versum Materials, Inc.’s shareholders have approved the company’s acquisition by Merck KGaA for $53 per share in cash.

Tempe, Arizona-based Versum, a specialty materials and equipment supplier to the semiconductor industry, expects the transaction, which is subject to regulatory clearances and the satisfaction of other customary closing conditions, to close in the second half of 2019.

In April, Germany-based Merck signed a definitive agreement to acquire Versum in a deal worth a reported $5.78bn, after Versum had agreed to combine with US company Entegris in January.

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