Alfa Laval launches EUR 1.7 billion tender offer for Finland's Neles

Alfa Laval announced a recommended voluntary public cash tender offer of EUR 11.50 per share for all Neles shares not already held by Neles, valuing Neles' total equity at about EUR 1,727 million. The deal strengthens Alfa Laval's industrial flow control business.

“Alfa Laval AB (publ) and Neles Corporation have on 13 July 2020 entered into a combination agreement pursuant to which Alfa Laval will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Neles.”alfalaval.com

• 6 sources
• alfalaval.comAlfa Laval announces a recommended public cash tender offer for all shares in Neles | Alfa LavalJul 13, 2020
• bloomberg.comSweden’s Alfa Laval Agrees to Buy Neles in $2 Billion Deal - BloombergJul 13, 2020
• prcvalve.com瑞典阿法拉伐同意以20亿美元收购NelesJul 17, 2020
• valmet.comStatement of the Board of Directors of Neles Corporation regarding the recommended voluntary public cash tender offer by Alfa Laval AB (publ)Aug 12, 2020
• vma.orgNews & Press - Valve Manufacturers Association of AmericaAug 17, 2020
• valve-world-americas.com

Summarized from public sources; check the original articles before acting on it.