Deals
Boels to Buy Cramo in $650 Million Equipment Rental Deal
- Cramo rises as high as EU13.44 a share in trading in Helsinki
- Board unanimously recommends shareholders accept the offer
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Boels Verhuur BV is offering to buy all shares in Finnish construction-equipment rental company Cramo Oyj for 592 million euros ($650 million) in cash.
Cramo shares rose as much as 6.3%, the most since Nov. 5, when it announced that it had received a potential full takeover bid from an undisclosed suitor. The stock was up 4.9% after 30 minutes of trading in Helsinki on Monday.