Bioquell Accepts GBP141 Million Offer from Ecolab
November 30 2018 - 2:53AM
Dow Jones News
By Ian Walker
Bioquell PLC (BQE.LN), a specialist bio-decontamination
equipment provider, said Friday that it has agreed to a 140.51
million-pound ($179.8 million) cash offer from Ecolab U.S. 2 Inc.,
a subsidiary of Ecolab Inc. (ECL).
Under the offer, accepting shareholders will get 590 pence for
each share held, a 40% premium to its closing share price of 420
pence on Thursday.
However, if any dividend or other capital return is declared,
Ecolab has the right to reduce the offer price by the same amount,
the companies said in a joint statement.
Ecolab provides water treatment and process applications as well
as cleaning and sanitizing solutions, primarily to large industrial
customers.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 30, 2018 02:38 ET (07:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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