Xylem completes USD 1.5 billion notes: Xylem stock sits 34.33 percent below USD 155 target
AD HOC NEWS
Xylem Inc. has completed a USD 1.5 billion senior notes offering to finance the acquisition of the Cornell Pump and Roper Pump businesses. The company's stock is currently trading 34.33 percent below the average analyst target of USD 155, despite reporting strong second-quarter adjusted earnings per share of USD 1.46. The debt financing includes a provision for redemption if the acquisitions are not completed, tying the funds directly to Xylem's planned expansion in its pump portfolio.
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