(Reuters) – Versum Materials Inc said on Monday that Merck KGaA had raised its offer for the company to $53 per share from $48.
Merck had launched a hostile $5.9 billion (4.52 billion pounds) all-cash takeover offer for Versum last month as the German pharma group looks to boost its presence in the semiconductor materials market. (https://reut.rs/2Vw7iNE)
Merck did not have an immediate comment.
(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Anil D’Silva)