On antitrust issues, EU regulators have traditionally focused their scrutiny on large industrial deals — from the failed attempt by Siemens to buy Alstom to the frustrated purchase of Honeywell by General Electric. Most recently, Amazon’s proposed $1.7bn purchase of Roomba maker iRobot has caught their eye. Their main concern? Whether the deal will give the ecommerce giant an unfair competitive advantage over rivals. Read More...
The Wall Street Journal
Diversey to Be Acquired by Platinum Equity-Backed Solenis in $4.6 Billion Deal
Diversey Holdings Ltd. said it is going private again, striking a deal to be acquired by a portfolio company of private-equity firm Platinum Equity in an all-cash transaction valued at roughly $4.6 billion. Under the agreement, Diversey shareholders other than those affiliated with private-equity firm Bain Capital would receive $8.40 a share in cash, a 41% premium to Tuesday’s closing price of $5.95 a share for the Fort Mill, S.C., hygiene and cleaning-products company. The purchase price is well below Diversey’s IPO price of $15 a share in March 2021 and its all-time high of $18.61 reached about three months later.
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