financetom
Business
financetom
/
Business
/
BRIEF-Vertiv To Buy Fluid Management Services Provider PurgeRite For Nearly $1 Billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BRIEF-Vertiv To Buy Fluid Management Services Provider PurgeRite For Nearly $1 Billion
Nov 3, 2025 3:49 AM

Nov 3 (Reuters) - Vertiv Holdings Co ( VRT ):

* VERTIV ANNOUNCES INTENT TO ACQUIRE PURGERITE, A LEADING

PROVIDER

OF SPECIALIZED FLUID MANAGEMENT SERVICES, TO EXPAND LIQUID

COOLING SERVICES PORTFOLIO

* VERTIV HOLDINGS CO ( VRT ) - ACQUISITION VALUED AT $1.0 BILLION

WITH

POTENTIAL $250 MILLION EARN-OUT

* VERTIV HOLDINGS CO ( VRT ): ACQUISITION IS ANTICIPATED TO BE

MARGIN

ACCRETIVE TO VERTIV'S SERVICES BUSINESS

Source text:

Further company coverage:

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UiPath Fiscal Q2 Stability Encouraging, Stock Remains Range-Bound in Near Term, RBC Says
UiPath Fiscal Q2 Stability Encouraging, Stock Remains Range-Bound in Near Term, RBC Says
Sep 5, 2025
08:54 AM EDT, 09/05/2025 (MT Newswires) -- UiPath ( PATH ) appears to be stabilizing in fiscal Q2 with improved execution and outperformance across metrics, RBC said in a note on Friday. The brokerage firm said the automation software maker had a solid quarter and that its federal business is now in a 'normalized' state, a key concern earlier in...
Youxin Technology Prices $6 Million Underwritten Public Offering; Shares Drop Pre-Bell
Youxin Technology Prices $6 Million Underwritten Public Offering; Shares Drop Pre-Bell
Sep 5, 2025
08:55 AM EDT, 09/05/2025 (MT Newswires) -- Youxin Technology ( YAAS ) said Friday it has priced an underwritten public offering of about 21.4 million common units at $0.28 per unit for estimated gross proceeds of about $6 million. Each common unit consists of one ordinary share or one pre-funded warrant, one series A registered common warrant, and one series...
Oil Extends Losses on Weak US Jobs Data, OPEC+ Supply Hike Risk
Oil Extends Losses on Weak US Jobs Data, OPEC+ Supply Hike Risk
Sep 5, 2025
08:53 AM EDT, 09/05/2025 (MT Newswires) -- Oil prices fell for a third straight session early Friday on signs of slowing demand and weak US economic data, while reports suggest OPEC+ may raise production to defend market share. West Texas Intermediate for October delivery dropped $0.75 to $62.73 a barrel, while November Brent oil fell $0.71 to $66.28. The decline...
Sector Update: Consumer
Sector Update: Consumer
Sep 5, 2025
08:56 AM EDT, 09/05/2025 (MT Newswires) -- Consumer stocks were edging higher pre-bell Friday, with The Consumer Staples Select Sector SPDR Fund (XLP) marginally advancing and The Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%. Lululemon Athletica ( LULU ) shares were down more than 19% after the company lowered its full-year outlook as it reported a fall in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved