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Keeley Funds Comments on Versum Materials

- By Holly LaFon

Versum Materials (VSM - $50.31 - NYSE) (NYSE:VSM) is a leading maker of chemicals used in the production of semiconductors and other electronics. Its stock appreciated sharply during the quarter after it received an acquisition o er from Entegris for cash and stock. It moved even higher after Merck KGaA topped that o er with a $48 cash proposal. At quarter-end, the Fund had sold most of its stock, although we believe there is a good chance that the nal sale price could be above the Merck offer.


From Keeley Funds' first-quarter 2019 Keeley Mid-Cap Dividend Value Fund commentary.

This article first appeared on GuruFocus.