According to a Reuters report, Lixil Group Corp Chief Executive Yoshiaki Fujimori said that his company had reached a basic agreement to buy bathroom equipment maker Grohe for JPY400 billion or USD4.05 billion from its owners.
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Sources told Reuters that Grohe got final offers for Geberit, Lixil and Duratex.
Grohe announced that they received 4 more bids from rival companies
Grohe received expression of interests from two potential buyers that would take part in the company's proposed sale.
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