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ABB has agreed to acquire Rotork plc, a global provider of intelligent flow control solutions, for an enterprise value of approximately $5.5 billion in an all-cash offer.
“ABB, a global technology leader in electrification and automation, has announced that it has agreed with Rotork plc on the terms of a recommended all-cash offer for the company.”processcontrolindustrymonthly.com
Summarized from public sources; check the original articles before acting on it.