Advanced Energy (AEIS) Raises Offer to Buy XP Power Limited
AEISAdvanced Energy(AEIS) zacks.com·2024-05-23 02:16

Advanced Energy (AEIS) recently announced a possible cash offer of £19.50 per share to acquire the entire issued and to be issued shares of XP Power Limited to bolster its position in the precision power industry.The offer follows three previous all-cash proposals to XP Power’s board, progressively increasing from £17.00 on Oct 24, 2023, to £18.5 on Nov 5, 2023, and finally to £19.50 on May 7, 2024, valuing XP Power's equity at £468 million.The offer represents a 68% premium to XP Power's closing price as o ...