Flowserve Announces French Regulatory Rejection Of Velan Transaction; French Ministry Of Economy Rejects Acquisition
Portfolio Pulse from Benzinga Newsdesk
Flowserve Corporation's proposed acquisition of Velan has been rejected by the French Ministry of Economy. The rejection could potentially impact Flowserve's expansion plans in Europe.
October 05, 2023 | 8:04 pm
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NEGATIVE IMPACT
Flowserve's acquisition of Velan has been rejected by the French Ministry of Economy, potentially impacting the company's expansion plans.
The rejection of the acquisition by the French Ministry of Economy could potentially hinder Flowserve's expansion plans in Europe. This could negatively impact the company's future growth and profitability, leading to a potential decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The rejection of Flowserve's acquisition of Velan by the French Ministry of Economy could potentially impact the French market.
The rejection of the acquisition could potentially impact the French market, as it indicates a stricter regulatory environment. However, the overall impact on the French market (EWQ) is likely to be limited as it is just one transaction.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The rejection of Flowserve's acquisition of Velan by the French Ministry of Economy could potentially impact the European market.
The rejection of the acquisition could potentially impact the European market, as it indicates a stricter regulatory environment. However, the overall impact on the European market (VGK) is likely to be limited as it is just one transaction.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50