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Elster business attracts a premium bid from Honeywell – what value the remaining business?

28/07/2015 · Melrose Industries (MRO)

The manufacturing turnaround specialist which started life on AIM in 2003 has announced the proposed disposal of its Elster business to US giant Honeywell for a cash consideration of £3.3bn.This looks a terrific result for Melrose shareholders but what value can be assigned to the remaining Brush business?

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