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Investment firm ups offer for STL company

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New Mountain Capital increased its bid for St. Louis-based infrastructure pipeline rehabilitation company Aegion Corp. (Nasdaq: AEGN).

The increased bid came after Apollo Global Management offered a competing unsolicited bid for the company.

Aegion last month agreed to be taken private in the original deal with New Mountain. The purchase offer now has increased to $995 million from $963 million.

Read more from the St. Louis Business Journal.

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