An investigation on behalf of investors of Versum Materials, Inc. (NYSE: VSM) in connection with the proposed takeover was announced and NYSE: VSM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/04/2019 -- The takeover of Versum Materials, Inc. is under investigation concerning potential breaches of fiduciary duties.
Investors who purchased shares of Versum Materials, Inc. (NYSE: VSM) and currently hold any of those NYSE: VSM shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Versum Materials, Inc. breached their fiduciary duties owed to NYSE: VSM investors in connection with the proposed acquisition.
Tempe, AZ based Versum Materials, Inc. develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. On January 28, 2019, Entegris, Inc. (NASDAQ:ENTG) and Versum Materials, Inc. (NYSE:VSM) announced that they have agreed to combine in a merger of equals. Under the terms of the agreement, Versum Materials stockholders will receive 1.120 shares of Entegris for each existing Versum Materials share, or a value of approximately $35.08 per NYSE: VSM share.
However, given that at least one analyst has set the high target price for NYSE: VSM shares at $47.00 per share and given that NYSE: VSM shares trade in the open market in October 2018 as high as $42.50 per share, the investigation concerns whether the offer is unfair to Versum Materials, Inc. (NYSE: VSM stockholders. More specifically, the investigation concerns whether the Versum Materials, Inc. (NYSE: VSM Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Versum Materials, Inc. (NYSE: VSM) closed on February 1, 2019 at $36.98 per share.
Those who are current investors in Versum Materials, Inc. (NYSE: VSM) shares have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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