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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Ga Bard who wrote (9830)6/28/1999 9:31:00 AM
From: bruceski  Read Replies (1) of 108040
 
For those that trade higher priced stocks. I work in the water treatment undustry and alot of consolidation has been going on the last couple of years. Betz bought Dearborn then Hercules bought Betz Dearborn. Several weeks ago a french company announced they were buying Calgon (CCC) and today it's been released that they are also buying Nalco (NLC).

Here is a clip from Marketwatch:

Water treatment specialist Nalco Chemical (NLC: news, msgs) is being bought by French utilities giant Suez Lyonnaise des Eaux SA for about $4.1 billion. Suez Lyonnaise bought Calgon Corp. (CCC: news, msgs) earlier this month. Shares of Nalco gained 1 5/8 to 42 1/2 on Friday. Calgon dipped 1/16 to 5 15/16.

There are only two other large water treatment companies that have not been merged or bought out in last couple years. Chemtreat is privately held and the other is Drew Industrial which is owned by Ashland Chemical. Drew may be a primary buyout candidate. WHen each of these companies were bought, they fetched about 2 times the recent shares price. (Betz from about $35 to $72, Calgon bid calculates to about $11 per share (for some reason not yet reflected - also not on most major wires), Nalco for $53 was low $30's when rumors started.)

Just wanted to provide some info from an area I am very familiar with.
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