Nordic Capital wins in battle for Munters

Alfa Laval refused to raise its bid for Swedish climate control company Munters, thus leaving Nordic Capital, the other private equity firm in the bidding war, with victory. Nordic Capital had made an offer of 77 crowns per share, a total value of 5.7 billion crowns ($859 million), while Alfa Laval’s offer was 75 crowns. Munters shares fell 2.5 percent after the announcement.

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