Streetbeat News

XPPLF

XP Power Ltd

http://www.xppower.com/

CEO

Duncan Penny

Industry

Optical Instrument and Lens Manufacturing

Open

15.60

Mkt cap

368M

Volume

200

High

15.60

P/E Ratio

-15.92

52-wk high

19.24

Low

15.60

Div yield

N/A

52-wk low

11.75

Advanced Energy Industries, Inc. (NASDAQ:AEIS) has disclosed a new offer to acquire XP Power Ltd. (OTC:XPPLF) for £19.50 per share in cash, reflecting a significant premium over XP Power's recent share prices. The total proposed consideration is £571 million. This is the fourth offer made by Advanced Energy, with previous offers being rejected by XP Power's board. The acquisition is expected to expand Advanced Energy's product portfolio and technical capabilities.

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May 21, 2024 | 12:55 pm

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