SKF Absorbs Bearing Co. For $1.3B, Boosts US Footprint
SKF will pay Kaydon shareholders $35.50 per common share, a 22 percent premium to the stock's closing price on the New York Stock Exchange on Wednesday. The deal includes the assumption of about $95 million in Kaydon debt, SKF said.
"We have followed the development of Kaydon for a long time," SKF...
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