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Advanced Drainage Systems Announces Acquisition of National Diversified Sales, a Subsidiary of Norma Group Se

1. WMS is acquiring National Diversified Sales for $1 billion in cash. 2. This acquisition strengthens WMS's position in water management solutions.

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$143.709/23 01:51 AM EDTEvent Start
$143.709/23 01:51 AM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions typically signal growth potential. Historical acquisitions in similar sectors like A. O. Smith Corp. saw stock value rise.

How important is it?

The transaction could significantly affect WMS's growth and operational efficiency, influencing investor sentiment positively.

Why Long Term?

The acquisition is expected to enhance WMS's market position over time, similar to other successful growth strategies in the industry.

Related Companies

NOEJ
HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries today announced that it has entered into a definitive stock purchase agreement under which ADS will acquire the water management business of Norma Group SE (DAX: NOEJ), known as National Diversified Sales (“NDS”), in an all-cash transaction valued at approximately $1.0 billion, or app.

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