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Curtiss-Wright To Bid For Vmetro

Maker of flow-control and motion-control products said it intends to launch a buyout offer for Norway's Vmetro ASA, which makes computer components.

ROSELAND, N.J. (AP) -- Curtiss-Wright Corp., which makes flow-control and motion-control products and provides metal treatment services, said Monday it intends to launch a buyout offer for Norway's Vmetro ASA, which makes computer components.

Curtiss-Wright said it intends to launch an offer to buy all outstanding shares of Vmetro for $2.25 per share in cash.

The launch depends on "limited due diligence and there being no material adverse change in the business and business assets of Vmetro before the launch of the offer," Curtiss-Wright said in a statement.

Curtiss-Wright shares fell 37 cents to $52.38 in morning trading.

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