Offer should be sufficient to take company private
By Rauli Juva
A takeover bid for Purmo was announced on Friday, offering owners a cash price of EUR 9.91 per share. Even at the price offered, Purmo's valuation remains moderate, but we do not expect a competing offer. The high commitment rate makes a successful bid highly likely. We raise our target price to EUR 9.91 in line with the offer.
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