February 3, 2015 / 5:06 PM / in 4 years

Geberit says has acquired 99.27 pct of Sanitec shares

ZURICH, Feb 3 (Reuters) - Swiss sanitary equipment maker Geberit said on Tuesday it had clinched 99.27 percent of Nordic ceramics maker Sanitec Corp in a $1.4 billion takeover offer.

“Geberit hereby announces that all conditions for completion of the offer have been fulfilled,” the Swiss firm said in a statement.

“Accordingly, the offer is declared unconditional in all respects and Geberit will complete the acquisition of the shares tendered in the offer.” (Reporting by Joshua Franklin)

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