Merck KGaA’s $6.5 Billion Acquisition Of Versum Materials

Simpson Thacher represented Versum Materials, Inc. (NYSE: VSM) in connection of its acquisition 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.

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Law Firms: Simpson Thacher & Bartlett;

Clients: Versum Materials Inc.;