Suez Lyonnaise's shares jump 1.1% on Nalco offer

Article Abstract:

Suez Lyonnaise des Eaux SA acknowledged that it is beginning an all-cash tender bid to acquire Nalco Chemical Co. Suez, a utility based in France, is offering to acquire Nalco for $4.1 billion (3.93 billion euros). The offer comes out to $53 per share. Gerard Mestrallet, the chairman of Suez, said that the proposed deal would turn his company into a global water treatment services leader.

Comment:

Suez acknowledges it is beginning all-cash tender bid to acquire Nalco

United States, Asset sales & divestitures, Foreign operations, France, Chemicals & Allied Products, Chemical Manufacturing, Water Treatment, Chemicals, Abstract, Chemical industry, Nalco Chemical Co.

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Pinault tempers talk of Suez offer

Article Abstract:

A potential bidding war is heating up for Suez S.A. of France. The water and energy conglomerate is valued at 50 billion Euros with 13 billion Euros of debt. Francois Pinault is deferring on a bid for Suez S.A. as Mr. Pinault is waiting on a 45.8 billion Euros ($60.5 billion) consolidation with another French company.

Management dynamics, Water supply, Water Utilities, Management, Company acquisition/merger, Pinault, Francois, Company business management, Financial report

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