Andritz AG (ANDR.VI)
VIENNA Austrian engineering group Andritz has agreed to buy Xerium Technologies , a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings.
* Andritz shares gain 5.7 percent, Xerium shares double (New throughout, adds details, comment from Barington Capital, updates share price)
VIENNA, June 25 Andritz has agreed to buy U.S. machine industry company and supplier Xerium Technologies in a cash deal worth roughly $833 million, the Austrian engineering group said on Monday.
VIENNA, May 3 Austrian engineering group Andritz expects a strong order book to enable the company to meet full-year objectives, it said on Thursday after reporting a drop first-quarter sales and profit.