By Elias Schisgall
Flexible Solutions International's bid to acquire a mid-sized agriculture company based in Indiana was rejected.
The Canadian chemical company said Monday that its offer to buy out 70% of the company, which it did not identify, was rejected by the target's board of directors without being presented to shareholders.
Flexible Solutions did not release the size of its offer, but said it was five times the target firm's 2025 earnings before interest, taxes, depreciation, and amortization, with the possibility of an additional two-and-a-half times EBITDA over three years based on performance.
Flexible Solutions said it will not increase the size of its initial offer.
"We are disappointed because the synergies between FSI and the target were substantial," Chief Executive Officer Dan O'Brien said.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
November 10, 2025 17:11 ET (22:11 GMT)
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