J-M Manufacturing Co. and PW Eagle, makers of plastic pipe, fittings
and tubing products, have signed a merger
agreement. J-M Manufacturing Co.
(Livingston, N.J.) and PW Eagle
(Eugene, Ore.), makers of plastic pipe, fittings
and tubing products, announced that the two companies have signed a merger
agreement under which J-M Manufacturing will acquire all of the outstanding
common shares of PW Eagle for $33.50 per share in cash. The transaction
represents an implied total equity value of nearly $400 million, and is
expected to be completed in the second quarter of this year.