Entegris (ENTG) and Versum Materials (VSM) have agreed to combine their operations in order to create an even larger specialty materials company. The deal looks wells structured and has the potential to bring real strategic and financial benefits, although these are largely priced in already given that shares of both companies have risen convincingly in response to the deal. I still like the long-term potential of the business, hence Entegris deserves a prominent spot on my watchlist.
Deal Terms
Entegris and Versum have reached a $9 billion deal in order to