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Merck KGaA completes squeeze-out of AZ Electronic Materials

3:47 AM MDT | July 3, 2014 | Natasha Alperowicz

Merck KGaA today announced that all remaining shares of AZ Electronic Materials (AZ) have been transferred to Merck on 2 July 2014. Merck, holding 99.84% of the AZ shares, exercised its compulsory squeeze-out on 27 June. This follows the announcement on 2 May that it had officially completed the acquisition of AZ, creating a leading solutions provider in high-tech materials and functional specialty chemicals. Merck in December 2013 made a recommended cash offer of approximately €1.9 billion ($2.6 billion) to acquire AZ.   Merck has already started the...

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