Simpson Thacher Guides Melrose On $2.3B Gas Meter Co. Buy
Melrose, which targets underperforming manufacturing companies, will pay $20.50 per American Depositary Share in Elster and $82 for each other share, representing a 49 percent premium over Elster's closing price on June 11, the day before transaction rumors began to swirl.
The private equity firm will back the...
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