Entegris And Element Solutions Terminate Distribution Agreement; Entegris To Receive $200M In Exchange For Ending Exclusive ViaForm Copper Damascene Products Distribution Arrangement
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Entegris and Element Solutions have terminated their distribution agreement, with Entegris receiving $200 million in exchange for ending the exclusive distribution of ViaForm Copper Damascene products.
June 05, 2023 | 11:32 am
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Element Solutions will no longer have exclusive distribution rights for Entegris' ViaForm Copper Damascene products.
Element Solutions is losing the exclusive distribution rights for Entegris' ViaForm Copper Damascene products, which could negatively impact their revenue and market position in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Entegris will receive $200 million for ending the exclusive distribution of ViaForm Copper Damascene products with Element Solutions.
Entegris is receiving a significant cash inflow of $200 million for ending the exclusive distribution agreement. This could be used for further growth or other strategic initiatives, potentially benefiting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100