49.93 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||49.92 x 900|
|Ask||49.91 x 800|
|Day's Range||49.81 - 50.23|
|52 Week Range||25.02 - 50.24|
|Beta (3Y Monthly)||2.12|
|PE Ratio (TTM)||22.79|
|Earnings Date||Feb 12, 2018 - Feb 16, 2018|
|Forward Dividend & Yield||0.32 (0.64%)|
|1y Target Est||48.67|
Versum Materials Inc NYSE:VSMView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for VSM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting VSM. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold VSM had net inflows of $3.09 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Versum Materials and Massachusetts-based Entegris have set April 26 as the date for stockholder meetings to vote on the companies' $9 billion proposed merger.
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
NEW YORK, March 21, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:19-cv-00427-LPS, on behalf of shareholders of Versum Materials, Inc. ("Versum" or the "Company") (VSM) who have been harmed by Versum's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Entegris, Inc. ("Entegris").
Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today announced the filing of its definitive proxy materials with the U.S. Securities and Exchange Commission in connection with the Company’s pending merger with Entegris, Inc. (ENTG). Versum Materials also announced the commencement of mailing on or about March 22, 2019 of the definitive proxy materials, including a WHITE proxy card, relating to the Special Meeting of Versum Materials stockholders to be held on April 26, 2019 to consider the merger. Versum Materials and Entegris previously announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously-announced merger of equals between the two companies.
Versum said in January it was merging with Entegris Inc. in a $9 billion deal that would move the company’s headquarters from Tempe to Entegris’ home in Billerica, Massachusetts. That merger has just passed a key regulatory hurdle.
Entegris, Inc. (ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, and Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously-announced merger of equals between the two companies. The expiration of the Act’s waiting period occurred at 11:59 p.m. EST on March 8, 2019 and satisfies one of the conditions to closing of the proposed merger, which remains subject to other closing conditions in the Agreement and Plan of Merger, dated as of January 27, 2019, by and among Versum Materials, Inc. and Entegris, Inc.
The Board of Directors of Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today issued the following statement reiterating its decision to reject Merck KGaA’s (“Merck”) unsolicited and non-binding $48 per share proposal, and reaffirming its commitment to completing the proposed merger of equals transaction with Entegris, Inc. (ENTG). “The Versum Board of Directors stands by its analysis that Merck’s unsolicited proposal for Versum is not a Superior Proposal. “The appropriate comparison is not between Merck’s proposal and the standalone value of Versum, but rather between selling now to Merck based upon their proposal and remaining invested in the combined Entegris-Versum, with participation in the significant expected value creation of the Versum-Entegris merger of equals and the potential for additional value-creating strategic options.
We are writing to you on behalf of the Versum Materials and Entegris management teams and Boards of Directors regarding the merger of equals between our two companies we announced on January 28, 2019. The Entegris-Versum transaction is a true, all-stock, remain-invested, merger of equals that has tremendous upside value-creation potential.
NEW ORLEANS , March 7, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
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The German chemicals and biopharma company said if its offer is accepted, it would maintain Versum’s Tempe site as the hub for its combined electronic materials business in the U.S.
Germany's Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker's management to consider its jilted takeover proposal over a rival offer. Versum, the former speciality chemicals division of industrial gases group Air Products, on Friday rejected Merck's unsolicited cash offer worth $5.9 billion (4.5 billion pounds). The proposal made to the management was non-binding and has not yet been put to shareholders.
Both Merck and Entegris are looking to boost their electrochemicals businesses at a time when the industry is under pressure. German drugs and lab supplies maker Merck said on Wednesday it would pay $48 per Versum share - or $5.9 billion in total including debt - in a takeover proposal to the U.S. group's management. At Entegris' current share price, that deal would translate into a value per Versum share of about $40.
Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today announced that its Board of Directors has rejected Merck KGaA’s (“Merck”) unsolicited and non-binding proposal, received on February 27, 2019, to acquire Versum for $48 per share in cash. After careful review and consideration, conducted in consultation with its independent financial and legal advisors, the Versum Board concluded that Merck KGaA’s proposal is not a superior proposal. Versum is committed to completing the merger of equals transaction with Entegris, which the Versum Board believes will create significant long-term value, and is in the best interest of Versum’s shareholders.
Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today announced that its Board has adopted a limited duration Shareholder Rights Plan, details of which will be contained in a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The Rights Plan, which was adopted by the Board following evaluation and consultation with the Company’s advisors, is similar to plans adopted by numerous publicly traded companies. The Rights Plan is intended to promote the fair and equal treatment of all Versum shareholders and ensure that no person or group can gain control of, or influence over, Versum, through open market accumulations or other tactics potentially disadvantaging the interest of all shareholders.
Moody's Investors Service ("Moody's") commented that Versum Materials, Inc.'s ("Versum") ratings (Ba2, under review for upgrade) are currently not impacted by the announcement that Merck KGaA ("Merck") (Baa1 stable) has made an unsolicited offer to acquire Versum in an all-cash deal for $48 per share, a 15.9% premium over Versum's closing price yesterday, in a transaction valued at E5.3 billion (approximately $5.9 billion) including Versum Materials' net debt. Merck has indicated that it would use cash and debt to finance the transaction, though there were no further details provided.
Versum Materials, Inc. (VSM), a leading specialty materials supplier to the semiconductor industry, today issued the following statement in response to the unsolicited proposal by Merck KGaA to acquire Versum for $48.00 per share in cash. Versum continues to believe in the strategic and financial rationale of the proposed merger of equals with Entegris. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Versum’s Board of Directors will thoroughly review the Merck proposal.
German drugs and lab supplies maker Merck KGaA offered $5.9 billion (4.4 billion pounds), including debt, for Versum Materials, in a cash deal that tops an offer from U.S. rival Entegris, as both seek to boost their electrochemicals operations. Shares in electronic materials maker Versum soared 18 percent to $48.73 on Wednesday, while shares in Merck lost 4.6 percent and Entegris lost about 4 percent. Merck said it planned to buy Versum for $48 per share - or $5.2 billion excluding debt - for a premium of 16 percent to Tuesday's closing price and of 52 percent to the share price before Entegris' offer.
Germany's Merck KGaA said Wednesday it is offering to acquire Versum Materials Inc. in an all-cash deal with an enterprise value of $5.9 billion. Merck is offering to pay $48 per Versum share, which is equal to a 51.7% premium over Versum's closing share price before the Versum/Entegris merger announcement, and a 15.9% premium over the company's closing share price on Feb. 26. "Through the acquisition, Merck would further strengthen its position as a leading supplier for electronic materials," the company said in a statement. It's board is fully committed to pursuing the transaction and is prepared to move to due diligence and talks immediately, said the statement. Versum shares rose 16% premarket on the news. Merck's U.S.-listed shares were not yet active.
NEW YORK, NY / ACCESSWIRE / February 23, 2019 / JuanMonteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
NEW YORK, Feb. 22, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW YORK, Feb. 15, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.