Neways, VDL End Talks
May 20, 2021 | NewaysEstimated reading time: 1 minute
Neways Electronics International N.V. announces that conversations in respect of a non-binding conditional indicative proposal by VDL Groep B.V. to acquire all outstanding shares in Neways’ share capital have been ended, following the joint and unanimous conclusion of the Board of Directors and the Supervisory Board of Neways that the proposal does not sufficiently reflect the value creation of Neways.
Neways had entered into talks with VDL in order to better evaluate the indicative proposal. The Boards have, supported by their financial and legal advisors, carefully reviewed the present proposal of VDL, whereby the Boards have given due consideration to the interests of all stakeholders, including the other shareholders.
Consistent with their fiduciary duties, the Boards have reviewed VDL’s proposal amongst others compared to the existing strategy for the continued success of Neways and long term value creation. After careful analysis, the Board, supported by their financial and legal advisors, have come to the conclusion that the present proposal, including the non-financial covenants, insufficiently serves the interests of Neways, its business and its stakeholders, including the other shareholders, as a result of which the Boards cannot support the proposal. In the present proposal the value development of Neways is significantly undervalued.
With the System Innovator strategy introduced last year and the ongoing ONE Neways programme, the Boards have full confidence in the long-term strategy.
Suggested Items
Tata Electronics Appoints KC Ang as President and Head of Tata Semiconductor Manufacturing
04/03/2025 | PRNewswireTata Electronics Private Limited, a pioneer in the Indian electronics and semiconductor manufacturing sector, announced the appointment of KC Ang as President and Head of its Foundry business - Tata Semiconductor Manufacturing Private Limited reporting to Dr. Randhir Thakur, CEO & MD of Tata Electronics.
Statement from IPC on ‘Liberation Day’ Pressing for Domestic Manufacturing Strategy
04/03/2025 | IPCIPC, a global electronics association dedicated to furthering the competitive excellence and financial success of more than 3,200 members, shared the following statement today on U.S. tariffs and their implications on the global electronics industry. It can be attributed to Richard Cappetto, IPC senior director of North American government affairs:
My Top 10 Highlights from IPC APEX EXPO 2025
04/03/2025 | Chris Mitchell, IPC VP, Global Government RelationsEvery year, I am reminded what an exciting and fast-paced whirlwind IPC APEX EXPO is—the friends you run into, the new people you meet, the innovations you encounter, and the fascinating discussions you dive into. It’s certainly true that our industry is driven by searchers and problem-solvers, creating endless opportunities at APEX EXPO to connect, collaborate, and shape the future.
IPC Releases March 2025 Global Sentiment of the Electronics Manufacturing Supply Chain Report
04/02/2025 | IPCThis past March, electronics industry demand strengthened to its highest level in nearly a year, indicating strong expansion in customer and manufacturing activity according to IPC’s [IPC-Current-Sentimen-Global-EMSChain0525.pdf] March Sentiment of the Global Electronics Manufacturing Supply Chain Report.
STMicroelectronics, Innoscience Sign GaN Technology Development and Manufacturing Agreement
04/02/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and Innoscience, the world leader in 8” GaN-on-Si (gallium nitride on silicon) high-performance low-cost manufacturing, announce the signature of an agreement on GaN technology development and manufacturing, leveraging the strengths of each company to enhance GaN power solutions and supply chain resilience.