Previous close | 29.09 |
Open | 29.09 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 29.09 - 29.09 |
52-week range | 26.20 - 31.05 |
Volume | |
Avg. volume | 3 |
Market cap | 2.23B |
Beta (5Y monthly) | 1.02 |
PE ratio (TTM) | 26.45 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.75 (2.57%) |
Ex-dividend date | 12 Sept 2023 |
1y target est | N/A |
Belgian water management group Aliaxis has withdrawn its public tender offer for Finland's Uponor, the bidder said in a statement on Wednesday. Swiss industrial group Georg Fischer on Monday made a rival offer of 28.85 euros per share, valuing Uponor at 2.1 billion euros, a 12% premium to the Belgian company's bid. "Taking into account the announcement of Georg Fischer's competing public tender offer on June 12 2023, and after thorough review, the offeror has today decided to withdraw its tender offer," Aliaxis said.
Swiss industrial group Georg Fischer (GF) on Monday made a rival offer for plumbing and heating systems maker Uponor, driving up the Finnish group's shares with a premium over a bid from Belgium's Aliaxis. GF's offer of 28.85 euros per share valued Uponor at 2.1 billion euros ($2.26 billion), a 12% premium to Aliaxis' 25.75 euro bid, but the Finnish group's shares rose further to 29.38 euros, suggesting more bids may still come. While GF could integrate Uponor even if only a narrow majority of shareholders accept the bid, the Swiss group would prefer owning 100% of the Finnish company, CEO Andreas Muller said.
COPENHAGEN (Reuters) -An unsolicited bid for plumbing and heating systems maker Uponor by Belgium's Aliaxis has drawn the attention of other potential bidders, a board member at the Finnish group said. Water management group Aliaxis on Monday made an all-cash offer for Uponor worth 1.87 billion euros ($2.06 billion), a 3% increase over the Belgian group's initial bid last month. Uponor has rejected both offers, arguing they were insufficient, even as Aliaxis has bought a 20% stake in the company.