Versum Materials (VSM) delivered earnings and revenue surprises of -11.48% and -7.95%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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Versum Materials (VSM) faced challenges from a softer demand environment in the second quarter.
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Germany's Merck KGaA , which is taking over U.S. electronic chemicals maker Versum Materials, said it expected a slight tailwind from foreign exchange effects supporting earnings growth this year.
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Versum Materials (VSM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Germany's Merck KGaA sealed a $6.5 billion takeover deal with Versum Materials after overturning a deal it had agreed with rival bidder Entegris.
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Versum Materials, Inc . (NYSE: VSM ) announced Monday that it received a revised proposal from Merck KGaA to acquire Versum for $53 per share, up from Merck's prior $48-per-share proposal on Feb. 27. What Happened Versum said its board, in consultation with legal and financial advisors, has unanimously concluded that the new Merck proposal is superor to a previously announced merger … Full story available on Benzinga.com
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Merck KGaA won the support of Versum Materials Inc's board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris.
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Merck KGaA on Friday welcomed Versum Materials to the negotiation table after the takeover target said it was willing to hold talks over Merck's unsolicited offer.
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Versum Materials Inc on Friday urged its shareholders to reject a hostile bid from Merck KGaA , but said it would engage with the German pharma group to determine if the offer is superior to its agreed merger with rival Entegris.
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