Elster Group SE (ELT) Up on Possible Takeover by Melrose PLC

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Elster Group SE (NYSE: ELT) is moving higher early Monday after the company confirmed that it is in discussions with Melrose PLC regarding a potential cash offer for all outstanding shares of Elster at US$20.50 per ADS, or approximately US$2.3 billion in aggregate on a fully diluted basis.

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