BERLIN, March 29 Family-owned German vacuum pump
maker Busch hopes its increased offer for rival Pfeiffer
Vacuum will allow it to start constructive talks with
management after a previous attempt was rebuffed.
"With a premium of 28 percent, we've shown that we have
taken notice of the previous criticism," Busch manager Sami
Busch told Reuters.
Busch earlier on Wednesday made a new offer of 110 euros
($118.29)a share, compared with a previous offer of 96.20 euros,
that Pfeiffer had said was too low.
The company decided to increase its offer after Pfeiffer
reported good results, Busch added. Pfeiffer makes pumps used by
manufacturers including semiconductor firms and makers of
analytical devices such as electron microscopes.
($1 = 0.9299 euros)
(Reporting by Anneli Palmen; Writing by Victoria Bryan)