Press release
Entegris to Acquire CMC Materials to Create a Leader in Electronic Materials
Adds Leading CMP Products and Technology to Entegris’ World-Class Solutions Set, Creating a Comprehensive Electronic Materials Platform Highly Complementary
About this update from Entegris, Inc.
[{"type":"text","content":"\nAdds Leading CMP Products and Technology to Entegris’ World-Class Solutions Set, Creating a Comprehensive Electronic Materials Platform\n\nHighly Complementary Combined Portfolio Expands Served Markets and Content per Wafer Opportunity\n\nOpportunity to Unlock Growth and Profitability through Enhanced Innovation, Scale, Execution and Revenue Synergies\n\nExpected to be Significantly Accretive to Non-GAAP EPS in Year 1; Generates $75 Million in Run-Rate Cost Synergies and $40 Million of CapEx Synergies within 12-18 Months from Closing\n\nEntegris and CMC Materials to Host Conference Call Today at 8:00 a.m. EST\n\n BILLERICA, Mass. & AURORA, Ill.--(BUSINESS WIRE)--\nEntegris, Inc. (NASDAQ: ENTG) and CMC Materials, Inc. (NASDAQ: CCMP) today announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211214006380/en/\nUnder the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each share of CMC Materials common stock they own. The total per share consideration represents a 35% premium over CMC Materials’ closing price on December 14, 2021, and a 38% premium to the 10-day volume weighted average share price. Upon completion of the transaction, Entegris shareholders will own approximately 91% of the combined company and CMC Materials shareholders will own approximately 9%.\n\nCMC Materials is a leading supplier of advanced materials primarily for the semiconductor industry. The addition of CMC Materials’ leading CMP portfolio will broaden Entegris’ solutions set, creating a comprehensive electronic materials offering. The complementary nature of the companies’ technology platforms will enable Entegris to bring to market a broader array of innovative and high-value solutions, at a faster pace. These enhanced materials and process solutions for the most advanced manufacturing environments will help customers improve productivity, performance and total cost of ownership.\n\nBertrand Loy, President and Chief Executive Officer of Entegris, said, “Acquiring CMC Materials will further differentiate our unit-driven platform and advance our abi...