Valmet says merger with Neles could be delayed
FINLAND (From news reports) - Finnish engineering group Valmet said on Thursday its planned takeover of valve maker Neles could be delayed, citing regulatory processes. "As the completion has not yet taken place, the next possible date under the combination agreement for the completion to take place is April 1," Valmet said. In November the companies expected the deal to be completed on or before April 1.
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