Aliaxis Becomes the Second Largest Shareholder in Uponor With a 10.6 Percent Ownership and Reiterates Its Long-term Interest
Summary
HELSINKI--(BUSINESS WIRE)--NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE POTENTIAL TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. As and to the extent permitted by applicable laws and regulations, Aliaxis reserves the right to acquire further shares in Uponor in public trading on Nasdaq Helsinki or otherwise before, during or after the date of this release and the announcement, if any, of the Potential Offer. We design sustainable, easy to install, and innovative solutions to address the world’s water challenges and accelerate the transition to clean energy. Headquartered in Brussels and operating in over 40 countries, Aliaxis is active through trusted local brands and generated EUR 4.3 billion revenue in 2022. In connection with such matters, Morgan Stanley, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than Aliaxis for providing the protections afforded to clients of Morgan Stanley nor for providing advice in connection with the Potential Offer, the contents of this release or any matter referred to herein.