Versum Materials (VSM) Declares $0.08 Quarterly Dividend; 0.9% Yield

UPDATE: Loop Capital Upgrades Versum Materials (VSM) to Buy

January 29, 2019 4:54 AM EST

(Updated - January 29, 2019 8:29 AM EST)

(updated to add analyst comment)

Loop Capital analyst Chris Kapsch upgraded Versum Materials (NYSE: VSM) from Hold to Buy with a price target of $57.00 (from $42.00).

The analyst comments "There are legitimate concerns about the near-term health... More

Chemicals maker Entegris to buy Versum in $4 billion microchip bet

January 28, 2019 6:16 AM EST

By John Benny

(Reuters) - Entegris Inc (NASDAQ: ENTG) said on Monday it would buy rival Versum Materials Inc (NYSE: VSM) in an all-stock deal worth about $4 billion, creating a big chemical supplier to the semiconductor market at a time when the industry is under pressure.

Versum's shares fell 27 percent in 2018 as demand for... More

Versum Materials (VSM) Reports Prelim. 1Q EPS/Revenue Below Consensus; Confirms $9B Merger with Entegris (ENTG)

January 28, 2019 6:08 AM EST

(Updated - January 28, 2019 6:08 AM EST)

Versum Materials, Inc. (NYSE: VSM) announced certain preliminary unaudited financial results for the fiscal first quarter ended December 31, 2018.

First Quarter Preliminary Unaudited Financial Results+

Revenue of approximately $340 millionGAAP net income of approximately $61 million, or diluted EPS of approximately $0.56Adjusted net income of approximately $60 million, or adjusted diluted EPS of approximately $0.55Adjusted EBITDA of approximately $110 million

These are preliminary financial results and remain subject to revision based on, among... More

Entegris (ENTG) Confirms $9B Merger with Versum Materials (VSM)

January 28, 2019 6:05 AM EST

Entegris, Inc. (NASDAQ: ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, and Versum Materials, Inc. (NYSE: VSM), a leading specialty materials supplier to the semiconductor industry, today announced that they have agreed to combine in a merger of equals. The combined company will be a premier specialty materials company for the semiconductor and other high-tech industries.

Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, Versum Materials stockholders will receive 1.120 shares of... More

Versum Materials (VSM), Entegris (ENTG) in Talks to Merge - WSJ

January 27, 2019 9:45 PM EST

Versum Materials (NYSE: VSM) and Entegris (NASDAQ: ENTG) are in talks to merge, the Wall Street Journal reported late Sunday citing sources familier with the matter.

... More