Zurn to acquire Elkay Manufacturing in $1.56 billion deal

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Milwaukee-based Zurn Water Solutions plans to acquire Elkay Manufacturing, a maker of water bottle fillers and sinks used in commercial settings, in a stock deal valued at $1.56 billion. The current shareholders of Elkay, a family-owned business based in Downers Grove, Illinois, will receive up to 52.5 million shares of Zurn stock, giving them around 29%

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