Brief: Xylem To Acquire Evoqua In $7.5 Bln All-Stock Deal

Evoqua Water Technologies

23/01/2023 12:01

Jan 23 (Reuters) - Xylem Inc  XYL.N :
    * XYLEM TO ACQUIRE EVOQUA IN $7.5 BILLION ALL-STOCK
TRANSACTION
    * XYLEM INC - WILL ACQUIRE EVOQUA IN AN ALL-STOCK
TRANSACTION THAT
REFLECTS AN IMPLIED ENTERPRISE VALUE OF APPROXIMATELY $7.5
BILLION
    * XYLEM INC- ANNUAL RUN RATE COST SYNERGIES OF $140
MILLIONEXPECTED TO BE ACHIEVED WITHIN THREE YEARS
    * XYLEM INC - EVOQUA SHAREHOLDERS WILL RECEIVE 0.480 SHARES
OF
XYLEM FOR EACH EVOQUA SHARE
    * XYLEM INC- COMBINED COMPANY WILL CONTINUE TO BE LED BY
PATRICK
DECKER, XYLEM'S PRESIDENT AND CEO
    * XYLEM INC- TWO CURRENT MEMBERS OF BOARD OF DIRECTORS OF
EVOQUA
ARE EXPECTED TO JOIN XYLEM'S BOARD OF DIRECTORS
    * XYLEM - UPON CLOSING, CO'S SHAREHOLDERS WILL OWN ABOUT 75
PERCENT, EVOQUA SHAREHOLDERS WILL OWN ABOUT 25 PERCENT OF
COMBINED CO ON FULLY DILUTED BASIS

Source text for Eikon:  ID:nBwbsKQrXa 
Further company coverage:  XYL.N 
 ((Reuters.Briefs@thomsonreuters.com;))