Metso Corp. is making a recommended cash offer to acquire the entire stock of Svedala, a global supplier of products and services for rock and mineral processes. Metso's plan is to combine its rock and mineral processing business group Nordberg with Svedala. The acquisition is subject to Metso obtaining acceptances from Svedala shareholders representing 90 per cent of Svedala's share capital and approval by relevant competition authorities.
Prior to the announcement Metso owned and controlled 0.51% of the shares and votes of Svedala.
The plan is to maintain the main brand names of both companies.
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