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Fly News Breaks for February 28, 2019
VSM, MKGAY, ENTG
Feb 28, 2019 | 17:22 EDT
Seaport Global analyst Michael Harrison downgraded Entegris (ENTG) to Neutral from Buy. The analyst said that "Merck KGaA's (MKGAY) competing offer for VSM (VSM) potentially spoils Entegris' plans for an all-stock merger of equals. We view the counter-offer as a clear negative, as Entegris may either have to pay more or miss out on a deal with strong strategic rationale."
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