| No agreement regarding intellectual property rights |
| Negotiations Between Sulzer and Weir Discontinued |
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| On February 16, 2007, Sulzer announced its interest in the acquisition of selected pump lines of The Weir Group PLC, Glasgow, Scotland. Negotiations will not be continued, as no agreement was reached concerning intellectual property rights. | |
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Sulzer is strongly committed to a strict acquisition discipline, especially concerning financial targets. An acquisition of Weir pumps lines without the transfer of intellectual property rights does not justify the purchase price in consideration. Therefore, Sulzer decided to not further pursue the transaction.
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