Advanced Energy Announces £19.50 Per Share All-Cash Proposal To Acquire XP Power Limited
Portfolio Pulse from Benzinga Newsdesk
Advanced Energy Industries, Inc. (NASDAQ:AEIS) has announced a £19.50 per share all-cash proposal to acquire XP Power Limited (LSE: XPP). This follows two previous proposals, all of which were rejected by XP Power's Board.
May 21, 2024 | 6:30 am
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Advanced Energy Industries, Inc. (NASDAQ:AEIS) has made a £19.50 per share all-cash proposal to acquire XP Power Limited, following two previous rejections by XP Power's Board.
The acquisition proposal, if accepted, could significantly enhance AEIS's market position and growth prospects. The premium offer indicates strong interest and potential strategic benefits.
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