shares of evoqua water technologies corp aqua soared 146 toward a ninemonth high in premarket trading monday after the water and wastewater treatment company agreed to be acquired by xylem inc xyl in an allstock deal valued at 75 billion xylem’s stock tumbled 97 toward a threemonth low under terms of the deal evoqua shareholders will receive 0480 xylem shares for each evoqua share they own based on friday’s stock closing prices that values evoqua shares at 5289 implying a 289 premium the pershare bid price implies a market capitalization for evoqua of 644 billion the deal is seen achieving 140 million in synergies per share within three years after closing which is expected to occur in mid2023 “our acquisition of evoqua creates a transformative global platform to address water scarcity affordability and resilience at even greater scale” said xylem chief executive patrick decker evoqua’s stock has gained 49 over the past 12 months through friday while xylem shares have tacked on 29 and the sp 500 spx has lost 97