The US automotive supplier BorgWarner has made a takeover bid for the battery manufacturer Akasol. The company is offering €730 million for the spin-off from the Technical University of Darmstadt in order to underpin its strategy in the field of electromobility.
AKASOL AG
AKASOL and BorgWarner have signed a Business Combination Agreement to enter into a strategic partnership and BorgWarner will launch a voluntary public takeover offer
DGAP-Ad-hoc: AKASOL AG / Key word(s): Merger/Offer
AKASOL and BorgWarner have signed a Business Combination Agreement to enter into a strategic partnership and BorgWarner will launch a voluntary public takeover offer
15-Feb-2021 / 05:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of insider information pursuant to Article 17 of Regulation (EU) No 596/2014
Auburn Hills-based BorgWarner Inc. has agreed to acquire a German maker of electricification technologies for commercial vehicles in a deal worth more than $880 million.The deal will pay shareholders of Darmstadt, Germany-based Akasol AG 120 euros ($145.60) per share. Holders of 59 percent of…
Kaufangebot für deutschen E-Auto-Batteriehersteller Akasol von BorgWarner heise.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heise.de Daily Mail and Mail on Sunday newspapers.