8-KEarnings & ResultsMaterial AgreementsExhibits & Filings

ENTEGRIS INC 8-K Report, Material Agreement (Jul 15, 2008)

Filed July 15, 2008For Securities:ENTG

Summary

Entegris, Inc. (ENTG) has filed an 8-K report detailing two significant events that occurred on or around July 13-14, 2008. The company announced a definitive agreement to acquire Poco Holdings, LLC, and its subsidiary Poco Graphite, Inc., in a transaction valued at approximately $158 million. This strategic acquisition is expected to expand Entegris's product portfolio and market reach within the materials science sector. Additionally, Entegris provided an early outlook for its second quarter 2008 results, anticipating sales of approximately $148 million. This forward-looking statement offers investors a glimpse into the company's recent financial performance amidst the announcement of the significant acquisition. Investors should pay close attention to the integration plans and the financial impact of the Poco Graphite acquisition on Entegris's future performance.

Key Highlights

  • 1Entegris, Inc. entered into an Agreement and Plan of Merger to acquire Poco Holdings, LLC, and its subsidiary Poco Graphite, Inc.
  • 2The aggregate merger consideration for the acquisition is $158 million, subject to adjustments and escrow.
  • 3Entegris LLC (a subsidiary) will merge into Poco Holdings, with Poco Holdings as the surviving entity.
  • 4The company expects to report sales of approximately $148 million for the second quarter of 2008.
  • 5A press release dated July 14, 2008, containing details of the merger and Q2 sales outlook, was issued and filed as an exhibit.

Frequently Asked Questions

This 8-K filing reports on two key events: Entegris, Inc.'s entry into a material definitive agreement to acquire Poco Holdings, LLC and its subsidiary Poco Graphite, Inc., and the company's preliminary sales outlook for the second quarter of 2008.

The acquisition of Poco Holdings, LLC, and its subsidiary Poco Graphite, Inc., has an aggregate merger consideration of $158 million. Poco Graphite is a company involved in materials science, likely expanding Entegris's offerings.

Entegris expects to report sales of approximately $148 million for the second quarter of 2008.

Under the merger agreement, Entegris's wholly owned subsidiary, Entegris LLC, will merge into Poco Holdings. Poco Holdings will be the surviving entity, and its common and preferred units will be converted into the right to receive a proportionate share of the merger consideration.