Avance advises Aliaxis SA/NV, a leader in water management solutions, in relation to the non-binding intention regarding a potential acquisition, through a wholly owned subsidiary, of all issued and outstanding shares in Uponor Corporation that are not held by Uponor or any of its subsidiaries through a voluntary all-cash public tender offer.
The indicative offer price of the potential offer would be EUR 25.00 in cash for each issued and outstanding share, and would value Uponor’s total equity at approximately EUR 1,820 million.
The completion of the potential offer would be subject to certain customary conditions, including without limitation the obtaining of all necessary regulatory and other approvals and the potential offer being validly accepted with respect to shares representing, together with any Uponor shares otherwise acquired by the offeror and/or any persons acting in concert with the offeror, more than 60 percent of the issued and outstanding shares and voting rights in the company.