Advanced Energy makes an all-cash £19.50/share offer to acquire XP Power, a 68% premium over May 20 closing price.
Advanced Energy proposes an all-cash offer of £19.50/share to acquire XP Power, after 3 previous cash proposals were rejected. The latest offer is a 68% premium to XP Power's closing share price on May 20 and a 76% premium to the day of the proposal. Advanced Energy believes the acquisition would address challenges, provide growth opportunities, and enhance XP Power's position as a strategic supplier.
May 21, 2024
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