Busch prepares for merger with Pfeiffer Vacuum by changing legal form
The fact that Busch, a German vacuum pump and compressor group, has changed its legal form could be a preparation for a merger with local rival Pfeiffer Vacuum, Euro am Sonntag suggested without naming sources. The newspaper pointed out that Busch only recently changed its legal form to Societas Europaea [SE], which gives it more room for maneuvering.
The report repeated that Busch has accumulated a 27% stake in Pfeiffer Vacuum and it is widely believed that it is more than a mere financial investment. One of the more likely scenarios is that Busch will push for a merger. The newspaper suggested that Busch would, however, have to table an offer that is significantly higher than the current Pfeiffer Vacuum share price.
Pfeiffer Vacuum has a market cap of EUR 874m.
Euro am Sonntag