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Case Status:    DISMISSED    
On or around 06/13/2019 (Notice of voluntarily dismissal)

Filing Date: May 17, 2019

According to the Complaint, Versum is a global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise in the global semiconductor and display industries.

On April 12, 2019, Merck and Versum issued a joint press release announcing they had entered into an Agreement and Plan of Merger dated April 12, 2019 to sell Versum to Merck. Under the terms of the Merger Agreement, each Versum stockholder will receive $53.00 in cash for each share of Versum common stock they own.

On May 13, 2019, Versum filed a Schedule 14A Definitive Proxy Statement with the SEC. The Complaint alleges that the Proxy Statement, which recommends that Versum stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) Versum’s financial projections, relied upon by the Company’s financial advisors in their financial analyses; and (ii) the data and inputs underlying the financial valuation analyses that support the fairness opinions provided by the Company's financial advisors.

This case was voluntarily dismissed on June 13, 2019.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Chemical Manufacturing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: VSM
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 19-CV-00922
JUDGE: Hon. Leonard P. Stark
DATE FILED: 05/17/2019
CLASS PERIOD START: 04/12/2019
CLASS PERIOD END: 05/17/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bragar Eagel & Squire PC
    885 Third Avenue Suite 3040 , Bragar Eagel & Squire PC , NY 10022
    212-308-5858 212-214-0506 ·
  2. O'Kelly Ernst & Joyce, LLC
    901 N. Market Street, Suite 1000, O'Kelly Ernst & Joyce, LLC, DE
    ·
  3. WeissLaw LLP
    551 Fifth Avenue, Suite 1600, WeissLaw LLP, NY 10176
    212.682.3025 212.682-3010 · info@wllawny.com
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available