Merck KGaA raises offer for Versum Materials to $53 per share
April 9, 2019
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. (reut.rs/2Vw7iNE)
Merck did not have an immediate comment.
By Saumya Sibi Joseph