Nolan’s Notes: Finding Your Sweet Spot
Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
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.
Share on:
Suggested Items
Wolfspeed Stock Soars After Filing for Chapter 11 Bankruptcy
07/01/2025 | I-Connect007 Editorial TeamOn July 1, Wolfspeed shares doubled following the company’s announcement on June 30 that it had filed for Chapter 11 bankruptcy protection.
Zollner Completes Full Acquisition of Bluechips Microhouse
07/01/2025 | Zollner Elektronik AGZollner Elektronik AG has successfully finalized its com- plete takeover of Bluechips Microhouse Co., Ltd., in Thailand. In the future the company will operate as part of the Zollner Group of companies under the leadership of Thomas Kiefl – strategically networked, technologically focused and internationally oriented.
Inission Acquires the Lithuanian Company Selteka
07/01/2025 | InissionInission AB has signed an agreement to acquire 100% of UAB Selteka. Selteka is a well-respected EMS (electronics manufacturing services) company with operations located in Kaunas, Lithuania.
RTX, Shield AI Partner to Develop New Defense Capabilities
07/01/2025 | RTXRTX and Shield AI announced a new partnership to integrate Shield AI capabilities into select RTX defense products, like loitering munitions and sensors. This collaboration will deliver enhanced, autonomous capabilities to US and allied defense forces.
Lockheed Martin Completes Acquisition of Amentum’s Rapid Solutions Portfolio
07/01/2025 | Lockheed MartinLockheed Martin has closed its acquisition of the Rapid Solutions business of Amentum, an engineering and technology solutions company.
Copyright © I-Connect007 | IPC Publishing Group Inc. All rights reserved.
Log in