Flowserve and Velan have extended the outside date of the arrangement agreement made as of February 9, 2023, among Velan – Purchaser – and Flowserve US, as amended by the first amendment to the arrangement agreement dated March 27, 2023. Given that the regulatory approvals have not all been obtained at this time, Velan and Purchaser have given notice that they each wish to extend the Outside Date for an additional 30 days to October 7, 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FLS:
- Flowserve price target raised to $50 from $45 at TD Cowen
- Flowserve price target raised to $42 from $40 at RBC Capital
- Flowserve, Velan extend outside date of arrangement agreement
- Flowserve raises FY23 adjusted EPS view to $1.85-$2.00 from $1.65-$1.85
- Flowserve reports Q2 adjusted EPS 52c, consensus 40c
