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Japan's Lixil to buy toilet maker American Standard for $542 mln
TOKYO, June 28 |
TOKYO, June 28 (Reuters) - Japan's Lixil Group Corp said on Friday that it will buy toilet and plumbing facilities maker ASD Americas Holding Corp (American Standard) for $542 million.
Lixil, a housing facilities manufacturer, will acquire American Standard shares from a unit of private equity firm Sun Capital Partners, it said in a statement.
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