By Stephen Nakrosis

Shareholders of Versum Materials Inc. (VSM) on Monday approved an acquisition by Germany's Merck KGaA (MKKGY) at a special meeting at Versum headquarters in Tempe, Arizona.

In April, Merck KGaA said it reached a deal to buy Versum for $53 a share in cash. That trumped a potential bid from Entegris Inc. (ENTG), who earlier in the year said it planned a deal with Versum.

Versum provides services to the semiconductor and display industries.

Merck KGaA is a science and technology company.

Versum said it expects the transaction will close in the second half of 2019.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

June 17, 2019 18:31 ET (22:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Versum Materials (NYSE:VSM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Versum Materials.
Versum Materials (NYSE:VSM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Versum Materials.