Advanced Energy Discloses New Offer To Acquire XP Power; Is The Latest Proposal Enticing Enough?
Advanced Energy Discloses New Offer To Acquire XP Power; Is The Latest Proposal Enticing Enough?
Advanced Energy Industries, Inc. (NASDAQ:AEIS) disclosed a possible offer to acquire the entire issued and to be issued shares of XP Power Ltd. (OTC:XPPLF) for £19.50 per share in cash.
先進能源工業公司（納斯達克股票代碼：AEIS）披露了以每股19.50英鎊現金收購XP Power Ltd.（場外交易代碼：XPPLF）全部已發行和待發行股份的提議。
The proposal reflects a 68% premium to XP Power's closing share price of £11.64 as of May 20, 2024 (the last business day before this announcement) and an 82% premium to 30-trading day volume weighted average price of £10.74 as of May 20.
該提案顯示，截至2024年5月20日（本公告前的最後一個工作日），XP Power的收盤股價爲11.64英鎊，溢價68％，較截至5月20日的30個交易日成交量加權平均價格10.74英鎊高出82％。
Also, the proposal reflects a 76% premium to XP Power's closing share price on the trading day before the May 7 proposal of £19.50 per share was submitted to the XP Power board.
此外，該提案還反映了XP Power在5月7日向XP Power董事會提交每股19.50英鎊的提案之前的交易日XP Power的收盤股價高出76％。
The total proposed consideration is £571 million, which is based on the diluted ordinary share count of 24.0 million, net debt of £103.4 million (as of March 31, 2024), and no further dividends to be declared or paid after this announcement.
擬議對價總額爲5.71億英鎊，這是根據攤薄後的普通股數量爲2400萬英鎊，淨負債爲1.034億英鎊（截至2024年3月31日）計算得出的，在此公告之後無需申報或支付進一步的股息。
Earlier, the company had submitted three all-cash proposals to the company, which the Board of XP Power rejected.
此前，該公司已向該公司提交了三份全現金提案，但XP Power董事會拒絕了這些提案。
On November 5, 2023, the company offered £18.50 per share in cash, valuing XP Power's equity at £369 million.
2023年11月5日，該公司發行了每股18.50英鎊的現金，使XP Power的股權估值爲3.69億英鎊。
Steve Kelley, the president and CEO of Advanced Energy said, "We believe that the proposed offer for XP Power provides compelling value for both Advanced Energy's and XP Power's shareholders. By expanding our portfolio of products and technologies, and combining our technical capabilities, we believe we will be better able to meet the growing needs of our customers."
Advanced Energy總裁兼首席執行官史蒂夫·凱利表示：“我們認爲，XP Power的擬議報價爲Advanced Energy和XP Power的股東提供了令人信服的價值。通過擴大我們的產品和技術組合，結合我們的技術能力，我們相信我們將能夠更好地滿足客戶不斷增長的需求。”
As of March 31, 2024, cash and cash equivalent stood at $1.02 billion.
截至2024年3月31日，現金和現金等價物爲10.2億美元。
Investors can gain exposure to the stock via Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) and Mid Cap US Equity Select ETF (NASDAQ:RNMC).
投資者可以通過景順標普小盤股信息技術ETF（納斯達克股票代碼：PSCT）和中型股美國股票精選ETF（納斯達克股票代碼：RNMC）獲得股票敞口。
Price Action: AEIS shares closed higher by 2.13% at $107.88 on Monday.
價格走勢：週一，AEIS股價收盤上漲2.13％，至107.88美元。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。