The board of Edwards Group, the British pump makers based in Crawley, has recommended that the company accepts a $1.2bn takeover offer by Swedish company Atlas Copco.
Depending on this year’s financial results, the price could be as much as $10.50 per share and no less than $9.25/share, which represents an 11 per cent premium over Edwards’ average share price over the past 30 days. The acquisition will enable Atlas Copco to expand in vacuum pumps for semiconductor production and to broaden its…
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