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Elis SA (OTCPK:ELSSF) confirmed it made a preliminary takeover method for uniform provider Vestis Corp. (NYSE:VSTS).
“Elis recurrently considers a spread of strategic alternatives,” the French uniform maker stated in a assertion earlier on Friday. “There will be no assurance that these discussions will outcome within the signing of a transaction or different settlement.”
Elis (OTCPK:ELSSF) confirmed the takeover method after a Reuters report on Thursday that the French office supplier had made a suggestion for Vestis (VSTS).
Betaville reported in July that Vestis (VSTS) was imagined to have drawn takeover curiosity from a bigger rival. A possible sale comes after activist investor Corvex Administration disclosed a stake in Could and Corvex head Keith Meister was added to the Vestis board in June.
