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Birch Hill completed the acquisition of a controlling interest in Montreal-based valve maker Velan from Velan Holding and affiliated entities at C$13.10 per share, giving it about 72.1% of shares and 91.9% of voting rights.
“Birch Hill has completed the acquisition of a controlling interest in Velan, triggering board and executive changes as the valve manufacturer enters its next phase.”valve-world.net
Summarized from public sources; check the original articles before acting on it.