Tuesday, 26 Nov 2024

Merck KGaA calls on Versum investors to vote down Entegris merger

FRANKFURT (Reuters) – Merck KGaA on Tuesday reiterated its recommendation to shareholders of its takeover target Versum to reject the electronic materials maker’s planned merger with peer Entegris.

In a filing to the U.S. Securities And Exchange Commission, the German diversified group said Versum shareholders should vote against the merger, sending “a clear message to the Versum board … that the Versum board should instead engage in good faith with us to negotiate and execute a definitive agreement with respect to our proposal.”

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