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Stakeholders of Xerium Technologies approved the merger agreement with Andritz AG, under which Xerium will be acquired by Andritz. The transaction is expected to close in Q4 2018, pending remaining regulatory approvals.
“The favourable vote clearly supports our view that Andritz’s proposal to acquire Xerium is the best outcome for all of our stockholders.”alchempro.com
Summarized from public sources; check the original articles before acting on it.