Dutch seals distributor ERIKS has increased its bid for valve manufacturer Royal Econosto NV to €8.21 per share in cash from €7.80 after reports Gilde Buy Out Partners BV will increase its original bid to compete.
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
ERIKS owns about 8% of Econosto shares.
According to the ERIKS press release, ERIKS has agreed to acquire 20.4% of the shares from a group of shareholders, including Janivo Beleggingen B.V., Gestion Deelnemingen V B.V. and TWE Beheer B.V.; and these shareholders have committed to tender the remaining 15.9% of the shares held by them under the Increased Offer when it is made.
ERIKS Ups Offer for Econosto
Dutch seals distributor ERIKS has increased its bid for valve manufacturer Royal Econosto NV to €8.21 per share in cash from €7.80 after reports Gilde Buy Out Partners BV will increase its original bid to compete.
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
ERIKS owns about 8% of Econosto shares.
According to the ERIKS press release, ERIKS has agreed to acquire 20.4% of the shares from a group of shareholders, including Janivo Beleggingen B.V., Gestion ...
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
ERIKS owns about 8% of Econosto shares.
According to the ERIKS press release, ERIKS has agreed to acquire 20.4% of the shares from a group of shareholders, including Janivo Beleggingen B.V., Gestion ...
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