Mexichem Eyes Dutch Pipe Maker

Mexichem Eyes Dutch Pipe Maker

Mexico Europe M&A

Mexichem has made an unsolicited offer to acquire Wavin, a Dutch plastic-pipe manufacturer, a move that the Mexican chemical company says would create the largest PVC tube maker in the world with sales of over EUR4bn. Mexichem is making a cash offer of EUR8.50 per ordinary share. Wavin confirmed it has received an "unsolicited indicative non-binding" offer for all its outstanding shares. The company has said its board will consider the proposal and has retained Bank of America Merrill Lynch (BAM

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