Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Versum Materials, Inc. (VSM)
Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:19-cv-00427-LPS, on behalf of shareholders of Versum Materials, Inc. (“Versum” or the “Company”) (NYSE:VSM) who have been harmed by Versum’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the proposed merger of the Company with Entegris, Inc. (“Entegris”).
On January 27, 2019, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”) under which Versum shareholders will have the right to receive 1.120 shares of Entegris common stock for each share of Versum they own (the “Merger Consideration”).
The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on February 28, 2019, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Versum shareholders.
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Versum Materials, Inc. (VSM)
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Filed on 03/21/2019
Court District of Delaware
685 Third Avenue 26th Floor
10017 New York, New York
Phone (212) 983-9330
Fax (212) 983-9331
James M. Wilson, Jr. email@example.com Phone (212) 983-9330 Fax (212) 983-9331