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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

RARE PHOTOS: What s going on with advanced drainage systems stock today - The Real Truth

Advanced Drainage Systems

Advanced Drainage Systems, Inc. (NYSE:WMS) shares are trading higher on Tuesday after the company announced it had signed a definitive agreement to purchase the water management unit of Norma Group SE, known as National Diversified Sales (NDS), for approximately $1 billion in cash.

When accounting for expected tax benefits, the net purchase price comes to about $875 million.

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