Announced
Financials
Sources
Tags
Friendly
Acquisition
Single Bidder
Cross Border
Germany
Private
Pending
fastening technology
Diversified Industrials
Majority
Synopsis
GreatStar, an industrial conglomerate, agreed to acquire Joh. Friedrich Behrens, a pan-European manufacturer of fastening technology, for €28m. Closing of the transaction is subject to various conditions, in particular the approval of the creditors' committee as well as antitrust and foreign trade clearance.
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