Close

Air Products (APD) Board Approves Versum (VSM) Spin

Go back to Air Products (APD) Board Approves Versum (VSM) Spin

Air Products' Electronic Materials Division Spin-off Company, Versum Materials, Announces Launch of Senior Notes Offering

September 9, 2016 10:16 AM EDT

LEHIGH VALLEY, Pa., Sept. 9, 2016 /PRNewswire/ -- Versum Materials, Inc. ("Versum"), the planned Electronic Materials Division spin-off company from Air Products (NYSE: APD), today announced the offering, subject to market and other conditions, of $425 million aggregate principal amount of senior unsecured notes (the "Notes"). Versum is a wholly-owned subsidiary of Air Products. The Notes are being offered for sale by certain selling securityholders that intend to acquire such Notes from Air Products in exchange for debt of Air Products that such selling securityholders have acquired or will acquire.

The Notes... More

Air Products Approves Separation of Versum Materials

September 9, 2016 10:15 AM EDT

LEHIGH VALLEY, Pa., Sept. 9, 2016 /PRNewswire/ -- Air Products (NYSE: APD) today announced that its Board of Directors has approved the completion of the previously announced separation of Air Products' Electronic Materials Division from the remaining businesses of Air Products to form Versum Materials, Inc. ("Versum").

Transaction InformationThe Board of Directors of Air Products today declared a pro rata dividend of all the outstanding common stock of Versum. This dividend is expected to be paid on October 1, 2016 (the "distribution date") to Air Products stockholders of record as of the close of... More

Versum's Ridgeway to Discuss Porous Low-k Precursor at SEMICON Taiwan IC Forum

September 8, 2016 11:45 AM EDT

LEHIGH VALLEY, Pa., Sept. 8, 2016 /PRNewswire/ -- Dr. Bob Ridgeway, group leader for PECVD and FCVD Applications at Versum Materials, will deliver a presentation at the IC Forum of SEMICON Taiwan on September 9, 2016, entitled, "Development of a Porous low-k Precursor to Provide Enhanced Mechanical Properties without Sacrificing Carbon Content."

Scheduled for 3:10 p.m., in Room 401 of Hall 1, Ridgeway's presentation will be based on a recent detailed investigation which he co-authored with Versum colleagues William R. Entley, Jennifer L. Achtyl, Raymond N. Vrtis and Jianheng Li. His talk will focus on a novel silicon-containing precursor that balances the... More

Air Products' CEO Seifi Ghasemi to Speak at Credit Suisse 2016 Basic Materials Conference on September 13

September 7, 2016 3:30 PM EDT

LEHIGH VALLEY, Pa., Sept. 7, 2016 /PRNewswire/ -- Air Products (NYSE: APD) today announced that Chairman, President and CEO Seifi Ghasemi will present and participate in a Q&A session at the Credit Suisse... More