Schaeffler AG Publishes Offer Document for Voluntary Public Tender Offer for Outstanding Shares of Vitesco Technologies Group AG – Acceptance Period Starts Today streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Schaeffler AG Publishes Offer Document for Voluntary Public Tender Offer for Outstanding Shares of Vitesco Technologies Group AG newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
The first step of a planned three-step transaction leading to the merger of Vitesco into Schaeffler and creating a leading Motion Technology company. Offer price of EUR 91 per share represents an attractive premium of around 20%t on the 3-month volume-weighted average share price of Vitesco. The Vitesco shareholders have the choice of tendering their shares or benefiting from the expected significant synergies by retaining their shares until the planned merger with Schaeffler. Tender offer can be accepted as of now until December 15, 2023. Tender offer is not subject to a minimum acceptance threshold