Merck acquires AZ Electronic Materials approximately € 1.9 billion

Merck completes acquisition of AZ Electronic Materials

12:14 PM, 6th May 2014
Merck acquires AZ Electronic Materials

DARMSTADT, GERMANY: Merck, a leading company for high-tech products in the pharmaceutical and chemical sectors, has completed the acquisition of AZ Electronic Materials, creating a leading solutions provider in the premium segment of high-tech materials and functional specialty chemicals.

In December 2013, Merck had made a recommended cash offer totalling approximately € 1.9 billion to acquire AZ Electronic Materials. Today’s completion of the transaction follows the satisfaction of all customary conditions, including an acceptance level of 75 per cent and antitrust clearances in the United States, Japan, Taiwan, Germany and China. With 81.3 per cent under control, Merck will now start the process of delisting AZ and its shares from the London Stock Exchange, with a delisting expected for the beginning of June. Merck still intends to acquire all outstanding shares of AZ and will keep the offer open for acceptances until further notice.

“Together, we have the unique opportunity to set new standards in the fast moving electronics markets. More than ever, our customers rely on strong partnerships and on our ability to deliver the ingredients that make the electronic devices of tomorrow faster, smarter and more attractive. Merck and AZ have the right chemistry for success, both from a business and more importantly from a peoples’ perspective,” said Bernd Reckmann, CEO, Chemicals, Merck.

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