Mexichem Ups Wavin Bid, Gains Access To Books

Mexichem Ups Wavin Bid, Gains Access To Books

Mexico Europe M&A

Mexichem raised its offer over the holidays for plastic pipe systems manufacturer Wavin, which in turn allowed the Mexican company access to its books. Mexichem is now offering EUR10 per share for Wavin. This comes after a series proposals including a EUR9 offer on Dec 6, and EUR8.5 per share on November 22. Wavin directors have decided that the negotiations have shown “good progress” in a number of “non-financial” terms and considered that the latest offer merited “access to due diligence infor

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