December 11, 2017 by

Xylem to acquire Pure Technologies

Xylem Inc. announced today that it has entered into a definitive agreement to acquire all the issued and outstanding shares of Pure Technologies Ltd. (Pure) (TSX: PUR) for $9.00 (CAD) per share in cash, representing an enterprise value of $509 million (CAD), or $397 million (USD). Pure’s Board of Directors unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction.

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