Freudenberg offer for Low & Bonar given approval by L&B shareholders; H1 2020 completion seems likely
CLOVERDALE, CA, November 7, 2019-
In meetings held this week, shareholders of industrial nonwovens maker Low & Bonar voted to approve the company’s proposed takeover by competitor Freudenberg. The acquisition is expected to be finalized during the first half of 2020, subject to customary conditions.
Low & Bonar’s board unanimously recommended approval of the takeover by its shareholders.
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