According to the Complaint, Versum Materials, Inc. develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries. The company operates through two segments, (1) Materials and (2) Delivery Systems and Services (DS&S).

This action is brought as a class action by Plaintiff on behalf of himself and the other public holders of the common stock of Versum against the Company and the members of the Company’s board of directors for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the proposed merger (the “Proposed Merger”) between Versum and Entegris, Inc.

On January 28, 2019, Versum and Entegris issued a joint press release announcing the Proposed Merger.

On February 28, 2019, Defendants caused the S-4 to be filed with the SEC in connection with the Proposed Merger. The S-4 solicits the Company’s shareholders to vote in favor of the Proposed Merger. The Complaint alleges that the S-4 misrepresents and/or omits material information that is necessary for the Company’s shareholders to make an informed decision concerning whether to vote in favor of the Proposed Merger.

This case was voluntarily dismissed on September 24, 2019.