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Honeywell Reportedly Pursues Acquisition Of Evoqua Water Tech

Honeywell International Inc. (HON) is pursuing an acquisition of water-filtration company Evoqua Water Technologies, which is laying the groundwork for an initial public offering, the Wall Street Journal reported citing people familiar with the matter.

Evoqua, owned by private-equity firm AEA Investors LP, has been running a so-called dual-track process, simultaneously preparing for an IPO while running a takeover auction. Even though Evoqua filed publicly for the IPO this week, bidders including Honeywell remain interested in possibly buying the company, the report said.

Evoqua is worth around $3 billion, including debt, one of the people said. It is likely to become clear this month whether Evoqua goes public or is sold, the Journal reported.

by RTT Staff Writer

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