Other Income (Expense), Net

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

OTHER (INCOME) EXPENSE, NET

The table below sets forth the Other (income) expense, net for the years ended December 31, 2019, 2018 and 2017:

(In thousands)	2019			2018		2017
Versum termination fee, net	$	(122,000	)	$	—	$	—
(Gain) loss on foreign currency remeasurement	(237		)	4,391		2,288
Loss on extinguishment of debt	—			2,429		20,687
Other, net	1,156			1,182		2,483
Other (income) expense, net	$	(121,081	)	$	8,002	$	25,458

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.