Xylem Closes Evoqua Water Buyout, Boosting Position In Water Treatment Solutions
Portfolio Pulse from Lekha Gupta
Xylem Inc has completed its acquisition of Evoqua Water Technologies Corp in an all-stock transaction worth $7.5 billion. The deal strengthens Xylem's position in water treatment solutions and creates a global platform for addressing water challenges.
May 24, 2023 | 4:07 pm
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Xylem's acquisition of Evoqua Water Technologies for $7.5 billion strengthens its position in water treatment solutions. XYL shares are trading lower by 2.05% at $102.01.
The acquisition of Evoqua Water Technologies strengthens Xylem's position in the water treatment solutions market, which is a positive development for the company. However, the stock price is trading lower by 2.05% at $102.01, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Evoqua Water Technologies has been acquired by Xylem Inc in an all-stock transaction worth $7.5 billion. Evoqua shareholders will receive 0.48 shares of Xylem for each Evoqua share.
The acquisition of Evoqua Water Technologies by Xylem Inc is a positive development for Evoqua shareholders, as they will receive 0.48 shares of Xylem for each Evoqua share, representing a value of $52.89 per share or a 29% premium based on Xylem and Evoqua closing prices as of January 20, 2023. This is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100