CMC Materials Inc

NASDAQ:CCMP   3:59:59 PM EDT
181.95
-1.83 (-1.00%)
Earnings Announcements

Entegris to Acquire CMC Materials to Create a Leader in Electronic Materials

Published: 12/15/2021 13:31 GMT
CMC Materials Inc (CCMP) - Entegris to Acquire Cmc Materials to Create a Leader in Electronic Materials.
Cmc Materials Inc - Entegris Will Acquire Cmc Materials in a Cash and Stock Transaction With an Enterprise Value of Approximately $6.5 Billion.
Cmc Materials Inc - Deal Expected to Be Significantly Accretive to Non-GAAP EPS in Year 1.
Cmc Materials Inc - Deal Generates $75 Million in Run-rate Cost Synergies and $40 Million of Capex Synergies Within 12-18 Months From Closing.
Cmc Materials Inc - Shareholders Will Receive $133.00 in Cash and 0.4506 Shares of Entegris Common Stock for Each Share.
Cmc Materials - Upon Completion of Transaction, Entegris Shareholders Will Own About 91% of Combined Co.
Cmc Materials Inc - Transaction is to Be Financed With a Combination of Equity Issued to Cmc Materials, New Debt and Cash on Hand.
Cmc Materials Inc - Entegris Has Obtained Fully Committed Debt Financing From Morgan Stanley Senior Funding, Inc.cmc Materials - Entegris Expects to Realize $75 Million in Run-rate Cost Synergies & $40 Million in Capex Synergies Within 12-18 Months From Closing of Deal.
Cmc Materials Inc - Transaction is Not Subject to a Financing Condition.
Revenue is expected to be $316.5 Million
Adjusted EPS is expected to be $1.74

Next Quarter Revenue Guidance is expected to be $308.1 Million
Next Quarter EPS Guidance is expected to be $1.79

More details on our Analysts Page.