FRANKFURT, March 14 Busch Gruppe said on Tuesday
it had abandoned an attempt to buy its rival pump maker Pfeiffer
Family-owned Busch had offered 96.20 euros per share for
Pfeiffer, valuing the group at around 949 million euros ($1.01
The deadline for Pfeiffer Vacuum shareholders to tender
their shares ended on March 13.
Pfeiffer Vacuum's management and supervisory boards had told
shareholders to reject the offer as too low.
Busch Gruppe said in a statement that the offer could not be
maintained without giving further details.
Already tendered shares of Pfeiffer Vacuum will be returned
to shareholders, Busch Gruppe said.
($1 = 0.9405 euros)
(Reporting by Harro ten Wolde. Editing by Jane Merriman)