Strix Group PLC - AIM-listed manufacturer and supplier of water temperature management components - Gets approval from the Council of Ministers in Italy to proceed with the acquisition of Laica SpA. Accordingly the acquisition is expected to complete in approximately one week. Agreed to buy Laica, which focuses on water purification and the sale of small household appliances for personal health and wellness, for an initial consideration of EUR19.6 million. This comprises EUR11.6 million in cash and EUR8.0 million in Strix shares.
Current stock price: 228.0 pence
Year-to-date change: up 17%
By Paul McGowan; paulmcgowan@alliancenews.com
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Strix (KETL)