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Power at the pump

24 Jan 2017 By Olaf Storbeck

Family-owned Busch has offered to buy the 73 pct of Pfeiffer Vacuum it doesn’t already own, valuing its rival at $1 bln. Paying a 12 pct premium to the three-month average share price is too stingy. Pfeiffer’s improving profitability and potential synergies merit a higher price.

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