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Versum Materials (VSM) Begins Trading as Independent Company Following Air Products (APD) Spinoff

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Versum Materials Becomes Independent Company

October 3, 2016 9:00 AM EDT

Spin-off from Air Products complete; company poised to build on leadership position

TEMPE, Ariz.--(BUSINESS WIRE)-- Building on more than 30 years of leadership supplying materials and delivery systems to the global semiconductor and electronics industry, the former Electronic Materials business of Air Products is now a separate and independent public company: Versum Materials, Inc.

Versum Materials (NYSE: VSM) officially spun off from Air Products (NYSE:... More

Air Products Completes Spin-Off of Versum Materials

October 3, 2016 9:00 AM EDT

LEHIGH VALLEY, Pa., Oct. 3, 2016 /PRNewswire/ -- Air Products (NYSE: APD) announced today that it has completed the separation of its Electronics Materials Division through the spin-off of Versum Materials, Inc. ("Versum").

Versum begins "regular way" trading today on the New York Stock Exchange (NYSE) under the symbol "VSM." Air Products common stockholders receive one share of common stock of Versum for every two shares of Air Products stock held as of the close of business on September 21, 2016.

"I am confident that Versum Materials has... More