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PGI looks at possible takeover of Fiberweb

August 22, 2013

UK-based Fiberweb says it has received a takeover proposal from U.S. rival Polymer Group Inc. (PGI). PGI has been given until Sept. 17 to formalize a bid or step away. Fiberweb says that if PGI makes an offer at its desired price, its board will recommend approval by shareholders.