# Alfa Laval amends recommended Neles tender offer, lowers acceptance condition to over 50%

Alfa Laval amended its recommended public cash tender offer for all shares of Finnish valve maker Neles, lowering the minimum acceptance condition to more than 50% and extending the acceptance period. The offer was first announced on 13 July 2020.

- Type: Acquisition
- Announced: 2020-10-15
- Where: Finland
- Status: announced
- Products: flow control valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Alfa Laval](https://endata.com/companies/306.md) (acquirer)
- [Neles](https://endata.com/companies/4658.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/alfa-laval-amends-its-recommended-offer-for-neles-acceptance-level-condition-lowered-to-50-and-acceptance-period-extended-301152940.html), 2020-10-15: "Alfa Laval has decided to amend the minimum acceptance condition of the Tender Offer such that the completion of the Tender Offer is conditional on, among other conditions, the valid tender of shares representing... more than fifty percent (50%)"
- [doi.org](https://doi.org/10.1016/s1359-6128(20)30310-4), 2020-11-01: "Alfa Laval AB (publ) has decided not to complete its tender offer for valve maker Neles Corp."
- [valmet.com](https://www.valmet.com/news/neles-news-archive/preliminary-result-of-alfa-lavals-recommended-public-tender-offer-for-all-shares-in-neles/), 2020-11-02: "The Offeror will confirm and announce the final result of the Tender Offer on or about 4 November 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.