Newspaper article from our research archive:
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French Firm Completes Purchase of Water Company U.S. Filter.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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May 2, 1999
- Author:
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Copyright informationCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
May 3 -- French conglomerate Vivendi SA wrapped up its acquisition of United States Filter Corp. (NYSE: USF) following the successful purchase of the water company's common stock for $31.50 a share and the European Economic Union's blessing of the marriage.
Vivendi completed its tender offer for common shares of the Palm Desert- based company on April 22. European Economic Union officials approved the deal April 27, and the merger was completed two days later.
"It's been as smooth as you can get," said David Manlowe, managing director of brokerage BT Alex Brown, noting that U.S. Filter shareholders have approved the terms.
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