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Ontex Shares Surge After Diaper Maker Confirms Talks With AIP

Ontex Group NV jumped the most in nearly four years after the personal-hygeiene firm confirmed it’s in talks about a potential sale to American Industrial Partners

Ontex is in preliminary discussions about a combination with AIP’s portfolio company Attindas, it said in a statement Wednesday, confirming an earlier Bloomberg News report. Shares of Ontex soared 25%, the biggest daily gain since July 2018, giving it a market value of 639.8 million euros ($674 million).