BUZZ-Vertiv up on $1 billion deal to acquire PurgeRite
Reuters
Nov 03
BUZZ-Vertiv up on $1 billion deal to acquire PurgeRite
** Shares of data center equipment maker Vertiv VRT.N up 1.8% at $196.28 premarket
** VRT says entered into a deal to acquire PurgeRite from Milton Street Capital for about $1 bln in cash
** The deal has potential additional consideration of up to $250 mln in cash, based on achieving certain 2026 performance metrics
** PurgeRite is a provider of mechanical flushing, purging and filtration services for data centers
** Up to last close, VRT had gained ~70% this year
(Reporting by Arnav Mishra in Bengaluru)
((Arnav.Mishra@thomsonreuters.com;))
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