financetom
Business
financetom
/
Business
/
Industrial pump maker IDEX Corp to buy Mott Corp for $1 billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Industrial pump maker IDEX Corp to buy Mott Corp for $1 billion
Jul 23, 2024 6:39 AM

July 23 (Reuters) - Industrial pump maker IDEX Corp ( IEX )

said on Tuesday it would buy filtration products maker

Mott Corp for $1 billion in cash.

The transaction will be funded through a combination of cash

on hand, borrowings from IDEX's ( IEX ) current credit facility and

potential debt issuance.

Mott will join IDEX's ( IEX ) health and science technologies

segment, IDEX ( IEX ) said.

The deal is expected to close by the end of the third

quarter of 2024.

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 >
In pictures: A look at the crazy rapids located in Chile’s Patagonia
In pictures: A look at the crazy rapids located in Chile’s Patagonia
Sep 17, 2019
Former world champion Newman travelled to Chile earlier this year with accomplished American expedition kayakers Stookesberry and Eric Boomer for one of her trips. Chilean Patagonia boasts countless wild rivers that have yet to be kayaked with fierce and swift-changing weather systems making for even more uncertain passage down the rapids. For over two months the team kayaked nine rivers, garnering four first descents and the second human-powered descent of the Pasqua - one of Patagonia's largest rivers. The team's main goal was to complete the triple crown of Patagonian kayaking – the Baker, the Bravo and the Pasqua, which had been attempted in 2017 by a team led Evan Garcia.They also added the challenging Ano Nuevo, carrying boats weighing up to 100lbs (45kg) with gear in up and down gruelling terrain to scout rivers for over 100 miles (160km).
Here are apps that will improve your travel experience
Here are apps that will improve your travel experience
Sep 17, 2019
With more than 5 crore users, Airbnb is a known tool among travellers looking to take accommodations on rent. It started by connecting travellers with people who have rooms, apartments, homes and other accommodations to rent.
Grant Thornton sees slowdown in M&A activity on domestic as well as cross border side
Grant Thornton sees slowdown in M&A activity on domestic as well as cross border side
Sep 17, 2019
Leading global tax and advisory firm Grant Thornton on Tuesday said that mergers and acquisitions (M&As) activity is witnessing a...
Broadband battle: How Bharti Airtel and Reliance Jio plans stack up against each other
Broadband battle: How Bharti Airtel and Reliance Jio plans stack up against each other
Sep 17, 2019
Reliance Jio , which had announced the launch of its fibre-based broadband service a few months back is offering minimum internet speed of 100 Mbps and 100 GB for Rs 699 a month as part of its basic plan.
Copyright 2023-2026 - www.financetom.com All Rights Reserved