Versum Materials (VSM) Begins Trading as Independent Company Following Air Products (APD) Spinoff
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Versum Materials Becomes Independent Company
October 3, 2016 9:00 AM EDTSpin-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 EDTLEHIGH VALLEY, Pa., Oct. 3, 2016 /PRNewswire/ --Â 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