The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May 24, 2019. REUTERS/Arnd Wiegmann/File Photo
LONDON, July 16 (Reuters Breakingviews) – The $180 bln Swiss engineering group is paying a 73% premium for Rotork, which sells valves and other industrial kit. The deal has a strategic logic for ABB boss Morten Wierod, but its returns look low. Amid a wave of UK takeovers, some boards can at least extract a punchy price.
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Editing by Neil Unmack; Production by Streisand Neto
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