Sweden's Atlas Copco Pays $1.6B For UK Industrial Co.

Law360, New York (August 19, 2013, 1:29 PM EDT) -- Swedish engineering firm Atlas Copco Group AB will acquire Edwards Group Ltd., a private equity-controlled industrial vacuum systems maker, in a deal valued up to $1.6 billion, the parties said Monday.

Atlas will pay $9.25 per share in cash for Nasdaq-listed Edwards, plus a contingent value right worth up to $1.25 per share if Edwards hits at least $785 million in 2013 revenue and $152 million in adjusted earnings before interest, taxes, depreciation and amortization. That would be nearly one-third more than both the company's revenues...
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