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Fiberweb agrees to revised takeover offer from PGI

3:20 AM MDT | September 19, 2013 | Francinia Protti-Alvarez

Polymer Group Inc. (PGI; Charlotte, NC) and Fiberweb (Richmond, UK) have reached an agreement on the terms of a revised cash offer by PGI for the entire issued and to be issued ordinary share capital of Fiberweb, the companies have announced. PGI's offer, including a Fiberweb interim dividend, values the entire issued and to be issued ordinary share capital of Fiberweb, on a fully diluted basis, at approximately £182.5 million. The deal value represents a 50% premium on Fiberweb's average closing price of £0.686/share during the period between 30...

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