After VDL announced on Friday 30 April 2021 that it was in talks with Neways about a proposal to make a public offer for the shares of Neways, VDL announced on Wednesday 19 May 2021 that the consultations on a possibly supported public offer had ended. The reason for this is that the management board and the supervisory board of Neways do not support a public offer based on the increased offer price of EUR 13.00 in cash, despite the broad support of at least 68.70% of the shareholders of Neways for that offer price. On Friday 28 May 2021, VDL nevertheless announced that it would make a public offer for all Neways shares. After Neways and Infestos announced on Thursday 24 June 2021 that they had reached an agreement on an offer, supported by the management board and the supervisory board, with a price of EUR 14.55 in cash, VDL announced on Friday 25 June 2021 it was going to consider the new situation.
VDL Groep Abandons Offer on Neways
July 7, 2021 | VDL GroepEstimated reading time: 1 minute
VDL Groep B.V. will announce that the industrial family business has decided not to make its previously announced public offer for all issued and outstanding shares in the capital of Neways Electronics International N.V. Failure to match the alternative offer means that the irrevocable undertakings previously obtained from three major shareholders of Neways to offer their shares to VDL will lapse.
Suggested Items
Intersoft Electronics Acquires IBS Luftfahrt und Service GmbH
05/22/2024 | Intersoft Electronics GroupIntersoft Electronics Group are pleased to announce the acquisition of IBS Luftfahrt und Services GmbH, a renowned German company specializing in aerospace technology.
The Knowledge Base: The Transformative Role of AI and ML
05/22/2024 | Mike Konrad -- Column: The Knowledge BaseArtificial intelligence (AI) and machine learning (ML) are at the vanguard of a technological revolution, redefining the parameters of manufacturing and business processes. Perhaps their most notable impact is within the electronics assembly industry, where they drive unprecedented levels of automation, enhancing efficiency and contributing to significant financial outcomes. This exploration delves into the transformative role of AI and ML, shedding light on the mechanisms of automation enhancement and the resultant financial implications.
Advocacy: There’s No Time to Waste
05/21/2024 | Marcy LaRont, PCB007 MagazineIn the late 1990s, I worked for a PCB company ardently working to build manufacturing presences in Malaysia, Taiwan, and eventually China’s mainland. For some of us who had the resources, we followed our OEM customers offshore as they began demanding increasingly greater price concessions from their stateside suppliers. The government was not coming to the rescue of the PCB manufacturer, so we rode the changing economic tide as it turned unwaveringly toward globalism and cheaper labor.
GPV Holds Site Engagement Meeting in Estonia
05/21/2024 | GPVGPV’s Executive Leadership Team met with the local management teams from our Operating Business Units (OBUs) located in best-cost Europe, Mexico and Austria for the third and final Site Engagement Meeting (SEM) this year.
Kimball Electronics Tampa Celebrated the Diversity of their Workforce with a Diversifest Taste of Cultures Event
05/21/2024 | Kimball ElectronicsKimball Electronics Tampa employees representing over 15 countries set up booths that demonstrated their culture and customs, including clothing, food, music and general facts.
Copyright © 2024 I-Connect007 | IPC Publishing Group Inc. All rights reserved.
Log in