March 26, 2019 / 10:58 AM / 5 months ago

Merck KGaA makes takeover offer for Versum to shareholders

FRANKFURT, March 26 (Reuters) - Germany's Merck KGaA on Tuesday said it made a full takeover bid to shareholders of Versum Materials for $48 per share, after a previous deal proposal for the same price was rejected by the U.S. target's management.

In connection with the tender offer, Merck added it won fully committed financing from Bank of America Merrill Lynch, BNP Paribas Fortis and Deutsche Bank AG.

Reporting by Ludwig Burger Editing by Tassilo Hummel

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