U.S. Markets close in 23 mins

Merck KGaA raises offer for Versum Materials to $53 per share

April 8 (Reuters) - Versum Materials Inc said on Monday that Merck KGaA had raised its offer for the company to $53 per share from $48.

Merck had launched a hostile $5.9 billion all-cash takeover offer for Versum last month as the German pharma group looks to boost its presence in the semiconductor materials market. (https://reut.rs/2Vw7iNE)

Merck did not have an immediate comment. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Anil D'Silva)