When last we left Versum(VSM), the Air Products(APD) spinoff was insisting it was sticking by its merger agreement with Entegris(ENTG), come Hell or high water. Versum had dismissed Merck KGaA’s(MKKGY) all cash $48 a share bid, and Merck was preparing to go hostile. Fast forward a month, and the hostilities have ended with Versum firmly in Merck’s arms… Read More »
Dearest Readers, we have a confession to make. We fell short of the sacred trust you have placed in us, and were, somehow remiss. You see, it seems, that other than to mention an index change, we never discussed Air Products and Chemicals (APD) October 2016 spinoff of Versum Materials (VSM). We apologize profusely for this breach and… Read More »
You may have noticed a lull in our regular programming and for that we apologize. Over the past few weeks, a number of spinoff transactions have closed leading to quite a few shifts within the S&P indices. Here is a summary of the various transactions: Honeywell’s (HON) AdvanSix (ASIX) spinoff was distributed on October 1st and the new company… Read More »