- Published: Sunday, 01 November 2009 04:00
Outotec Arranges Takeover of Filter Builder Larox
Finnish mineral processing and metallurgical specialist Outotec, intent upon increasing its global business through the acquisition of complementary technologies, said it has reached agreement with certain major shareholders to acquire their A and B shares of filter manufacturer Larox's. The purchase price for the shares is to be paid in the form of new Outotec shares. Upon completion of the share transactions, Outotec will make a public tender offer for all the remaining Larox series A and B shares.