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[$$] Germany’s Merck Makes $5.24 Billion Offer for Versum Materials

German pharmaceutical and chemical company Merck KGaA says it wants to buy Versum Materials Inc. for more than $5 billion, potentially scuttling a pending merger Versum has with another company. Merck said it has proposed acquiring Versum for $48 a share in cash, making the equity value of the deal about $5.24 billion. Shares of Versum, a Tempe, Ariz., company that provides materials used in manufacturing semiconductors and to make other electronics, closed Tuesday at $41.40 a share, meaning Merck’s offer represents a 16% premium.