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Elis SA announced the completion of its acquisition of Berendsen plc, a European textile, hygiene and safety solutions company, creating a pan-European leader in textile, hygiene and facility services.
Elis SA announced a revised cash-and-share proposal to acquire Berendsen plc, valuing each Berendsen share at £11.73 and implying a total equity value. The proposal has been rejected by Berendsen's board.