Announced
Financials
Tags
Pending
Minority
Diversified Industrials
Friendly
Public
equipment wiring supplies
Cross Border
Acquisition
Tender Offer
Single Bidder
Germany
Synopsis
Pierer Industrie, a global automotive niche company, offered to acquire a 9.6% stake in LEONI, a manufacturer of wiring systems used in the automotive, healthcare, communications, and infrastructure industries, for $46m. Pierer Industrie currently holds 15.3% of the voting rights of LEONI. The transaction serves the further strategic expansion of the existing participation to up to 24.9% of the voting rights. The offer document will be published after the Federal Financial Supervisory Authority (BaFin) has authorized the publication.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.