(WO) — Diversified Vitality has confirmed it’s in preliminary discussions concerning a possible acquisition of Birch Sources, following current media hypothesis a few potential transaction.
Diversified mentioned discussions stay at an early stage and no settlement has been reached. The corporate cautioned that there is no such thing as a certainty a transaction will happen or what phrases may in the end be agreed.
The potential deal would proceed Diversified’s acquisition-driven development technique. Since its IPO in 2017, the corporate has accomplished 35 acquisitions representing greater than $7 billion in worth.
Diversified mentioned acquisitions stay a core a part of its technique and that it usually holds preliminary discussions with potential counterparties concerning transactions.
The corporate didn’t disclose potential phrases, valuation or a timeline for the Birch Sources discussions.