Deals
Altrad Talks on $1.8 Billion Bilfinger Deal Fall Apart
- French suitor had indicated interest at about 34 euros/share
- Altrad, Bilfinger talks fall apart over disagreements on price
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Altrad SA’s talks over a potential takeover of German industrial services provider Bilfinger SE have fallen apart following disagreements over price, ending months of uncertainty around a deal, people familiar with the matter said.
The French suitor indicated it would be willing to pay about 34 euros per share, valuing Bilfinger at around 1.5 billion euros ($1.8 billion), according to the people. Bilfinger deemed the proposal too low and refused to grant due diligence to Altrad, the people said, asking not to be identified because the information is private.