Versum Materials circulated the following email to certain of its suppliers on or after May 1, 2019:
Supplier Email
Dear [Name]:
As you may have seen, on April 12, Versum announced that it has agreed to be acquired by Merck KGaA, Darmstadt, Germany. The Company is a leading science and technology company active in healthcare, life science and performance materials founded over 350 years ago. You can find the press release announcing the news on our website. I wanted to reach out to share the news personally, and what this means for you going forward.
You may recall that we had previously announced a merger with Entegris. After receiving a proposal from Merck KGaA, Darmstadt, Germany that our Board and advisors determined constituted a “Superior Proposal” as defined in Versum’s previously announced merger agreement with Entegris, we are excited to chart our path forward with the Company officially.
Together, we’ll be a leading electronic materials player focused on the semiconductor and display industries with cutting-edge technology. As part of Merck, we will have increased scale, product and service depth, enhanced global presence and a strengthened supply chain. Our combined R&D strength will increase innovation speed, capacity and expertise to generate new technologies. Furthermore, we intend to join forces to strengthen our supplier base, quality and logistics. All of this will help us better serve our customers in the evolving semiconductor industry.
We’re excited about our future, but for now, nothing changes. Until the transaction closes – which we expect will be in the second half of 2019 — it is business as usual, and both companies will continue to operate as separate entities. I will remain CEO until the transaction closes. At this time, your point of contact at Versum will stay the same and they will be available to answer any additional questions you may have in the coming months.
As a key partner, we wanted to make you aware of this announcement personally. We will keep youup-to-date as much as we can along the way, and I am always available to answer any questions you may have.
Sincerely,
Guillermo
Cautionary Statement Regarding Forward-Looking Statements
This communication may contain forward-looking statements based on current assumptions and forecasts made by Versum Materials, Inc. (“Versum”) management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include the following: Merck KGaA, Darmstadt, Germany’s ability to successfully complete the proposed acquisition of Versum or realize the anticipated benefits of the proposed transaction in the expected time-frames or at all; Merck KGaA, Darmstadt, Germany’s ability to successfully integrate Versum’s operations into those of Merck KGaA, Darmstadt, Germany; such integration may be more difficult, time-consuming or costly than expected; the failure to obtain Versum’s stockholders’ approval of the proposed transaction; the failure of any of the conditions to the proposed transaction to be satisfied; revenues following the proposed transaction may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than