Press release
Versum Materials Files Investor Presentation and Sends Letter to Shareholders
Board Urges Shareholders to Vote White Proxy Card "FOR" Merger Agreement Between Versum and EntegrisTEMPE, Ariz.--(BUSINESS WIRE)-- Versum Materials, Inc.
About this update from Entegris, Inc.
[{"type":"text","content":"Board Urges Shareholders to Vote White Proxy Card \"FOR\" Merger Agreement Between Versum and EntegrisTEMPE, Ariz.--(BUSINESS WIRE)-- Versum Materials, Inc. (NYSE:VSM) today announced the filing of an investor presentation with the Securities and Exchange Commission (SEC), and that the Versum Board of Directors sent a letter to Versum shareholders regarding the previously announced definitive merger agreement with Entegris, Inc. (NASDAQ:ENTG), urging shareholders to vote the WHITE proxy card \"FOR\" the merger agreement with Entegris at the Special Meeting of Stockholders on April 26, 2019. The investor presentation is available on the Investor Relations section of Versum's website, and the full text of the letter from the Versum Board of Directors to shareholders follows:VOTE THE ENCLOSED WHITE PROXY CARD TODAY \"FOR\"THE MERGER AGREEMENT BETWEEN VERSUM AND ENTEGRISApril 2, 2019Dear Fellow Stockholder:At our Special Meeting of Stockholders on April 26, 2019, you will be asked to make an important decision related to your investment in Versum Materials and the future of the Company.On January 28, 2019, we announced our plans to combine with Entegris, Inc., a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, in a merger of equals to create the premier specialty materials company. Under the terms of the merger agreement, Versum stockholders will receive 1.120 shares of Entegris for each existing Versum share. Upon completion of the merger, Entegris stockholders will own approximately 52.5 percent and Versum stockholders will own approximately 47.5 percent of the combined company1.We ask that you cast your vote \"FOR\" the merger agreement between Versum and Entegris on the WHITE proxy card - as further detailed in the Versum slide presentation filed with the Securities and Exchange Commission, the merger of equals with Entegris is the value maximizing opportunity for reasons that include the below:The Versum-Entegris combination creates compelling LONG-TERM, SUSTAINABLE VALUE POTENTIAL for Versum shareholders Represents a true all-stock, remain-invested merger of equals Creates the largest pure-play semiconductor materials company globally Significant cost, revenue, CapEx, and tax synergy potential Combined company will have a strong and flexible balance sheet (~1.0x net leverage) Co...