Veolia Agrees to Buy Suez, Ending Bitter Takeover Battle
- Deal values Suez at about $15 billion, says Veolia CEO
- Veolia unlocked a deal with higher price, revised scope
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Veolia Environnement SA agreed to acquire Suez SA, ending a long and bitter takeover battle with a sweetened offer.
After nearly eight months of fierce resistance from Suez’s management, Veolia unlocked a deal, lifting its offer price and pledging to sell back a bigger part of its French water rival to maintain competition.