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Tempe's Versum Materials wants out of merger deal after German company boosts buyout offer

Greg Barr
Tempe's Versum Materials wants out of merger deal after German company boosts buyout offer

After last-minute whirlwind trans-Atlantic negotiations, Tempe's Versum Materials Inc. has said it wants to pull out of a deal to merge with a U.S. company in order to be acquired by a much larger German corporation.