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Entegris to Acquire CMC Materials in USD 6.5bn Deal.

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Vincent

MANews-(C)2009-2021

US-based advanced materials and process solutions supplier Entegris, Inc. (NASDAQ: ENTG) has entered into a definitive merger agreement under which it will acquire US-based electronic materials supplier CMC Materials, Inc. (NASDAQ: CCMP) in a cash and stock transaction with an enterprise value of approximately USD 6.5bn.

CMC Materials is a supplier of advanced materials primarily for the semiconductor industry.

Under the terms of the agreement, CMC Materials shareholders will receive USD 133.00 in cash and 0.4506 shares of Entegris common stock for each share of CMC Materials common stock they own.

The total per share consideration represents a 35% premium over CMC Materials' closing price on December 14, 2021, and a 38% premium to the 10-day volume weighted average share price.

Upon completion of the transaction, Entegris shareholders will own approximately 91% of the combined company and CMC Materials shareholders will own approximately 9%.

The addition of CMC Materials' CMP portfolio will broaden Entegris' solutions set, creating a more comprehensive electronic materials offering.

The transaction is not subject to a...

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