By Dominic Chopping
Industrial supplier Georg Fischer said Friday that it is lowering its offer price for Finnish peer Uponor to take account of a dividend payment.
Georg Fischer, based in Switzerland and also known as GF, earlier this year made a 2.1 billion-euro ($2.25 billion) all-share offer for Uponor as it looks to boost its water- and flow-solutions business.
The offer was worth EUR28.85 a share but is being adjusted to EUR28.50 as Uponor nears payment of a EUR0.35 dividend to its shareholders.
Write to Dominic Chopping at dominic.chopping@wsj.com
