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ZWS / Zurn Water's stock surges after $1.56 billion stock deal to acquire Elkay Manufacturing

Shares of Zurn Water Solutions Group ZWS, -1.97% rose 3.0% in premarket trading Monday, after the Wisconsin-based water control and safety company announced an agreement to acquire privately held Elkay Manufacturing Co. in a all-stock deal valued at nearly $1.6 billion. Under terms of the deal, Elkay shareholders will receive a total of 52.5 million Zurn Water shares, which based on Friday's stock closing price of $29.79 is valued at $1.56 billion. Read More

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Posted: Feb 14 2022, 06:47

Author Name: Market Watch

ZWS News

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