Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Versum Materials, Inc. (NYSE: VSM) to Merck KGaA, Darmstadt, Germany. Under the terms of the transaction, Versum shareholders will receive $53 per share. A previous agreement between Versum and Entegris, Inc. was terminated.
The Versum merger investigation concerns whether the Board of Versum breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Entegris, Inc. is underpaying for Versum shares, thus unlawfully harming Versum shareholders.
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