150-Year-Old Rivalry Ends, Creating an Infrastructure Giant

Howard Smith, The Motley Fool
·2-min read
150-Year-Old Rivalry Ends, Creating an Infrastructure Giant

At a time when the U.S. is debating a major infrastructure bill, leading European rivals Veolia Environment (OTC: VEOEY) and Suez Environment (OTC: SZEVY) have agreed to merge after several months of contentious discussions. The deal will have Veolia purchase Suez for 20.50 euros ($24.39) per share, compared with an initial offer of 15.50 euros. With the merger, the companies seek to take advantage of a growing focus on infrastructure and climate-change spending from governments worldwide.