Georg Fischer Offers to Buy Finnish Uponor for €2.1 Billion
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Swiss industrial company Georg Fischer AG has made the strongest bid so far for Uponor Oyj by offering €28.85 ($31) per share to acquire the Finnish plumbing-equipment manufacturer.
Schaffhausen, Switzerland-based Georg Fischer said the board of directors of Uponor recommends that the shareholders accept the offer, which represents a 12% premium over a rejected offer by Belgium’s Aliaxis SA. The total equity value of the deal is about €2.1 billion ($2.3 billion).