Merck KGaA Proposes To Acquire Versum; Enterprise Value Of Deal At $5.9 Bln

(RTTNews) - Merck KGaA (MKGAY.PK) announced it has proposed to the board of Versum Materials, Inc. that Merck should acquire all of the issued and outstanding common shares of Versum for $48 per share or an enterprise value of $5.9 billion in an all-cash transaction. Versum is a Delaware corporation based in Tempe, Arizona, United States of America.

Merck said the company is prepared to proceed immediately to due diligence and negotiations and to quickly agree to a merger agreement.

Merck stated that, through the acquisition, the company would further strengthen its position as a supplier for electronic materials.