WAVIN
Follow-up: Mexichem raises its offer to EUR 10 per share / Due diligence set to commence in second week of January
Shortly before Christmas last year, Mexichem (Tlalnepantla / Mexico; www.mexichem.com.mx) sweetened its offer to Dutch pipe manufacturer Wavin (Zwolle; www.wavin.com) – after two previous attempts at a takeover, both unsuccessful – see Plasteurope.com of 28.11.2011 and of 09.12.2011.
 Mexichem is hopeful that its latest offer for Wavin will not be dismissed as a pipe dream once again (Photo: iStockPhoto) |
Coupled with what it called “good progress” on non-financial items, the revised EUR 10 per share offer, made on 23 December 2011, has prompted the Dutch company to grant Mexichem access to due diligence information. Mexichem is scheduled to launch its investigation by the second week of January 2012.
03.01.2012 Plasteurope.com [221178-0]
Published on 03.01.2012
German version of this article...