Other expense (income), net

9 Months Ended

Sep. 28, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER EXPENSE (INCOME), NET

Other expense (income), net for the three and nine months ended September 28, 2019 and September 29, 2018 consists of the following:

	Three months ended				Nine months ended
(In thousands)	September 28, 2019		September 29, 2018		September 28, 2019			September 29, 2018
Versum termination fee, net	$	—	$	—	$	(122,000	)	$	—
Loss (gain) on foreign currency remeasurement	701		695		(222		)	3,637
Other, net	233		115		893			1,189
Other expense (income), net	$	934	$	810	$	(121,329	)	$	4,826

Versum termination fee, net

On January 28, 2019, the Company and 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.