美国统治宣布讨论ions Concerning A Possible Sale of the Company

27.10.2000

CHARLOTTE, N.C., Sept. 26 -- United Dominion Industries Ltd. (NYSE: UDI, TSE) announced today that it is in discussions with several parties concerning a possible sale of the company. J.P. Morgan & Co., Inc. is advising the company.

No definitive agreement regarding a sale has been entered into by the company, and there can be no certainty that an agreement will be reached or that any sale will be consummated. The company does not intend to update this announcement until a transaction is agreed to or negotiations are terminated.

United Dominion is a diversified manufacturer of proprietary engineered products in four business segments - Flow Technology, Machinery, Specialty Engineered Products, and Test Instrumentation. It has annual sales of $2.5 billion and 14,000 employees in 20 countries.

Within the business segment flow technology (pumps, valves, filters, dryers, heat exchangers and complete systems to process or transport fluids and for heat transfer) there are the pump manufacturers Bran+Luebbe, Marley Pump and Waukesha Cherry-Burrell.

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Watts Water Technologies, Inc. announced that it has entered into a definitive agreement to acquire Bradley Corporation (“Bradley”) for $303 million, subject to customary adjustments. The net transaction value is approximately $268 million after adjusting for the estimated net present value of expected tax benefits of approximately $35 million. The transaction will be funded through cash on hand and the remainder from Watts’ existing revolving credit facility. The transaction is subject to customary closing conditions and necessary regulatory approvals and is expected to close in the fourth quarter of 2023.

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