Entegris to Acquire ATMI

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Entegris (ENTG) to Acquire ATMI (ATMI) in $1.15B Deal

February 4, 2014 7:02 AM EST

Entegris, Inc. (Nasdaq: ENTG) and ATMI (Nasdaq: ATMI) announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Entegris will acquire ATMI for a total equity value of approximately $1.15 billion on a fully-diluted basis, or approximately $850 million net of cash acquired, including the net cash proceeds from the sale of ATMI's LifeSciences business of $170 million.

Under the terms of the merger agreement, ATMI shareholders will receive $34.00 in cash, without interest or dividends, for each share of ATMI common... More