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Flowserve - Nice Deal, As Shares Are Already Fully Valued
2014-11-15 23:27:06| Industrial Machines - Topix.net
Despite the really nice deal, which is too small to significantly move the needle, I remain cautious amidst a premium valuation. Flowserve announced the acquisition of SIHI Group in what appears to be a nice bolt-on acquisition given the relative low acquisition price in terms of the valuation multiples, room for margin gains and synergies.
Tags: fully
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Category:Industrial Goods and Services
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