Adds the assessment in paragraph 3 and the background in paragraphs 2 and 4
OSLO, June 12 (Reuters) – Swiss industrial group Georg Fischer GF.S announced on Monday that it had made a competitive cash offer for Finnish plumbing and heating systems manufacturer Uponor UPONOR.HEand offers a premium of 12% over an offer from Belgium’s Aliaxis BE0941243520.BR.
Uponor’s board that had rejected The Aliaxis bidder said in a statement that it recommended shareholders to accept the Swiss company’s bid.
Georg Fischer’s offer of €28.85 per share valued Uponor at €2.1 billion ($2.26 billion), a 12% premium over Aliaxis’ €25.75 offer.
Uponor said last month it had received the Belgian group’s unsolicited offer caught the attention other potential bidders, but did not name any applicants at this time.
($1 = 0.9308 euros)
(Reporting by Terje Solsvik; Editing by Jacqueline Wong and Rashmi Aich)
((terje.solsvik@thomsonreuters.com; +47 918 666 70))
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