Merck KGaAa completes squeeze-out of AaZ Electronic Materials

摘要

Merck KGaA announced that all remaining shares of AZ Electronic Materials (AZ) have been transferred to Merck on 2 July 2014. Merck, holding 99.84% of the AZ shares, exercised its compulsory squeeze-out on 27 June. This follows the announcement on 2 May that it had officially completed the acquisition of AZ, creating a leading solutions provider in high-tech materials and functional specialty chemicals. Merck in December 2013 made a recommended cash offer of approximately ?1.9 billion ($2.6 billion) to acquire AZ.