Superior Industries with tender offer for shares of Uniwheel.

Superior Industries International, one of the largest manufacturers of aluminum wheels for OEMs in North America and Europe, announced today that it had concluded its tender offer for the purchase of shares of UNIWHEELS, for an aggregate consideration of $714.7m, financed through approximately $670m of newly funded debt, as well as $150m of Preferred Equity. The subscription period for the tender offer expired on May 22, 2017. As of expiration, about 11.5m shares had been validly tendered, representing approximately 92.3% of UNIWHEELS shares of common stock. “The conclusion of the tender offer marks the beginning of a new chapter for Superior as a leading global supplier of aluminum wheels with a diversified customer base, expanded geographic reach, and a larger platform for future investment. We are thrilled to welcome the UNIWHEELS team to Superior, and believe this is a remarkable opportunity for our company and our collective employees. This highly transformative and synergistic transaction will deliver meaningful benefits for all of our stakeholders and positions the combined company extremely well for future growth and profitability,” stated Don Stebbins, Superior’s President and Chief Executive Officer..