VEOEY - Veolia to file for full Euro11.3B Suez takeover

Veolia ([[VEOEY]] +1.3%) says it sent an offer to the Suez (SZEVY) board to buy the 70.1% of the company's shares it does not already own, urging management to end its opposition to the deal.Veolia plans to make an offer at €U18/share - unchanged from its initial offer, which values Suez at €11.3B ($13.9B) - and expects to complete the takeover in 9-15 months.Suez managers have opposed the bid, but Veolia says "now is the time for the Suez board and management team to cease their destructive stalling tactics, act in the interest of all shareholders and allow them to vote on our offer."As a prelude to its full takeover offer, Veolia bought a 29.9% stake in Suez in September from Engie.

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Veolia to file for full €11.3B Suez takeover