in this issue
World News and Views :: Top of the News
Merck KGaA to buy AZ Electronic Materials for $2.6 billion
7:30 AM MST | December 5, 2013 | Deepti Ramesh
Merck KGaA has agreed to acquire AZ Electronic Materials (AZ; Luxembourg) for about £1.6 billion ($2.6 billion). Merck is offering 403.5 pence/share of AZ in cash, valuing AZ at about £1.6 billion. The offer represents a premium of about 41% over the 3-month volume-weighted average share price of AZ, Merck says. AZ, which provides high-purity specialty chemical materials for the electronics industry, recorded sales of $794 million and operating profit of $262 million in 2012. With the acquisition, Merck aims to further expand its materials and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee