The price is right for Zenon
- From: Vol 7, Issue 3 (March 2006)
- Category: General
- Region: Americas
- Country: Canada
- Related Companies: Danaher, Dorr-Oliver Eimco, General Electric (GE), ITT Industries, Pentair, Siemens and Zenon Environmental
GE has taken advantage of the Canadian membrane company’s difficulties to make an offer. Was it worth it?
Zenon Environmental succumbed to the inevitable on 14 March and accepted an offer for the company from GE. The C$24 offer values the Canadian UF membrane specialist at US$656 million, a premium of 53% against the share price on the day before the offer was made. The price is still below the C$27.48 Zenon shares reached ...
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