Sector News

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

April 9, 2019
Chemical Value Chain

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

Source: Reuters

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