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Merck KGaA completes acquisition of AZ, integration to be completed by end of the year

12:25 PM MDT | May 3, 2014 | Natasha Alperowicz

Merck KGaA (Darmstadt, Germany) said on Friday that it completed its acquisition of AZ Electronic Materials, creating a leading solutions provider in the premium segment of high-tech materials and functional specialty chemicals. Merck, in December, made a recommended cash offer totaling £1.6 billion ($2.7 billion) to acquire AZ. Friday’s completion follows the satisfaction of all customary conditions, including an acceptance level of 75% and antitrust clearances in the United States, Japan, Taiwan, Germany, and, most recently, China. Merck now...

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