Veolia, Suez End Bitter Takeover Battle in $15 Billion Deal

Veolia has agreed to acquire the remaining 70% of Suez for 20.5 euros per share, valuing Suez at €13 billion. This deal will create a global water and waste management giant with €40 billion in annual revenues. Despite cultural and legal challenges, the French government supported the merger to counter competition, especially from China. The companies will finalize the agreement by mid-May, pending antitrust approvals. Investors reacted positively, with shares rising by 8%.

What are the next steps mentioned in the text regarding the acquisition?

What impact did the news of the deal have on the shares of Veolia and Suez?