Evoqua Water rises on $7.5-bln buyout deal by Xylem

Akeso

23/01/2023 12:30

** Shares of water treatment solutions provider Evoqua Water
Technologies Corp  AQUA.N  rise 15.3% to $47.4 premarket
    ** Xylem Inc  XYL  to acquire AQUA in an all-stock deal
valued at $7.5 bln, including debt
    ** Under terms, AQUA shareholders will receive 0.480 shares
of XYL for each Evoqua share, representing a value of $52.89 per
share, or a 29% premium based on XYL and AQUA's closing prices
as of Friday
    ** Shares of XYL down 10.2% at $99 in premarket trading  
    ** AQUA stock lost 15.3% in 2022
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))