Entegris Inc. agreed to acquire ATMI Inc. in a deal valued at $1.15 billion, combining suppliers of semiconductor materials to seek larger orders.

ATMI shareholders will receive $34 in cash for each share of common stock they own, the companies said in a statement today. The price represents a premium of 26.3 percent over ATMI’s closing price on Feb. 3.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.