Deals
Oerlikon Considers Strategic Options for Vacuum Pumps Unit
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Swiss manufacturer OC Oerlikon AG is examining strategic options for its vacuum pumps division as the company tries to bolster profitability. The stock gained the most in two months.
A decision is still pending as it’s “too early to make any statement regarding specific directions,” the Pfaeffikon, Switzerland-based company said in a statement Tuesday in response to speculation regarding Oerlikon Leybold Vacuum. The company is preparing to sell the unit, Reuters reported earlier today, adding that the division may be valued at 350 million euros ($385 million) to 400 million euros.