Xylem to buy Evoqua in $6.42 bln dive into water tech wave
Published on by Water Network Research, Official research team of The Water Network in Business
Water technology company Xylem Inc (XYL.N) said on Monday it had agreed to buy Evoqua Water Technologies Corp (AQUA.N) for $6.42 billion in shares, aiming to tap into growing global awareness of risks around water scarcity.
Evoqua shareholders will receive 0.480 new Xylem shares for each Evoqua share they own, representing a premium of about 29% based on the last market close.
Shares in Xylem, which provides water and waste water treatment services, fell more than 10% in early trade as investors worried about the punchy price tag.
Attached link
https://www.reuters.com/markets/deals/water-tech-firm-xylem-buy-evoqua-642-bln-deal-industrial-market-push-2023-01-23Taxonomy
- Mergers & Acquisitions
- Mergers & Acquisitions
- Mergers & Acquisition