Cases & Deals

  • Home
  • Practices
  • Evoqua merges with Xylem in $7.5 billion all-stock transaction

Share

Evoqua merges with Xylem in $7.5 billion all-stock transaction

May 2023

Client(s) Evoqua Water Technologies Corp.

Jones Day advised Evoqua Water Technologies Corp. (NYSE: AQUA) in its $7.5 billion stock-for-stock merger with Xylem Inc. (NYSE: XYL).

Under the terms of the agreement, Evoqua stockholders received a fixed exchange ratio of 0.48 shares of Xylem common stock for each share of Evoqua common stock they hold at the closing of the transaction. Post-closing, current Xylem stockholders now own approximately 75 percent of the combined company on a fully diluted basis, while Evoqua stockholders own approximately 25 percent.

Two mutually agreed upon members of the Evoqua Board of Directors joined the Board of the combined company.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.