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Company Statement: SKF to acquire US-based Kaydon Corporation

( September 6, 2013, 13:26 GMT | Official Statement) -- MLex Summary: Swedish global technology provider SKF Group has agreed to acquire NYSE-listed industrial products manufacturer Kaydon for $1.25 billion, including $95 million of net debt. SKF will commence a tender offer on or after Sept. 16, 2013 to purchase all of Kaydon’s outstanding shares for $35.50 per share in cash. The transaction is subject to customary terms and conditions and regulatory approvals and is expected to close in the fourth quarter of 2013.Statement follows in full....

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