Versum Materials Inc

Versum Materials Inc. is a materials and solutions provider for both the semiconductor and display industries, located in Tempe, Arizona. The company’s product list includes CMP slurries, ultra-thin dielectrics and metal film precursors. Versum Materials was founded in 2016 and was acquired by the Merck Group in 2019 for $6.5 billion at $53 per share. The Merck Group is a German-based pharmaceutical company. VSM stock is listed on the New York Stock Exchange and is also part of the S&P 400 index. Somewhat less popular than its cousin, the S&P 500, the S&P 400 still plays an important role, representing the top 400 mid-cap equities in the American economy. The hostile takeover of Versum Materials was a rather dramatic affair. During an attempted merger between Versum Materials and Entegris Inc., Merck Group stepped in, appealing to Versum Materials shareholders that this merger was not in their best interest. Both Versum Materials and Entegris also appealed to shareholders, stating the benefits that their merger would entail. The planned merger was unsuccessful, paving the way for Merck Group to complete their hostile takeover. Diversify your portfolio with VSM stock. There has never been a better time to get started.