Deals
Henkel Accelerates M&A Pace With $1.3 Billion Spotless Deal
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Henkel AG agreed to buy France’s Spotless Group SAS for 940 million euros ($1.3 billion) as the maker of Loctite glue and Persil detergent overcame concerns about overpriced deals to seal its second takeover in a week.
The deal to acquire the laundry aid, insect control and household-care company from BC Partners Holdings Ltd. should be completed by the first quarter, pending regulatory approval, Dusseldorf-based Henkel said in a statement. Henkel shares were little changed at the open of trading in Frankfurt.