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Meyer Burger To Buy Roth & Rau For €357M
Roth & Rau has accepted Swiss solar equipment maker Meyer Burger Technology’s €357 million takeover offer.
Roth & Rauhas accepted Swiss solar equipment makerMeyer Burger Technology’s €357 million takeover offer,Bloombergreports. Meyer Burger had offered €22 per share for the German company, which makes gear to produce solar cells for panels.
Meyer Burger has already acquired an 11.3%stake from key shareholders through share purchases and share exchanges, addsReuters. The company willissue 840,802 new shares as part of those contracts.
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