Other (income) expense, net

6 Months Ended

Jun. 29, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER (INCOME) EXPENSE, NET

Other (income) expense, net for the three and six months ended June 29, 2019 and June 30, 2018 consists of the following:

	Three months ended					Six months ended
(In thousands)	June 29, 2019			June 30, 2018		June 29, 2019			June 30, 2018
Versum termination fee, net	$	(122,000	)	$	—	$	(122,000	)	$	—
(Gain) loss on foreign currency remeasurement	(203		)	2,987		(923		)	2,942
Other, net	188			890		660			1,074
Other (income) expense, net	$	(122,015	)	$	3,877	$	(122,263	)	$	4,016

Versum termination fee, net

On January 28, 2019, the Company and Versum Materials, Inc. (“Versum”) announced that they had entered into an Agreement and Plan of Merger, dated as of January 27, 2019 (the “Merger Agreement”), pursuant to which they agreed to combine in a merger of equals. On April 8, 2019, Versum announced that its Board of Directors had received a proposal from Merck KGaA to acquire Versum and that its Board of Directors had deemed such proposal as a “Superior Proposal” defined in the merger agreement. On April 12, 2019, the Company received a termination notice from Versum terminating the Merger Agreement. In accordance with the terms of the Merger Agreement, Entegris received a $140.0 million termination fee from Versum in the second quarter of 2019. Also in the second quarter of 2019, the Company paid a fee of $18.0 million to the third-party financial adviser it had engaged to assist with the transaction.