Vitesco : Schaeffler AG to launch takeover offer on Vitesco, sees significant synergies
>Schaeffler offers € 91 per share, i.e. a 20% premium to VTSC 3M VWAP - After several press rumours over the past few days, Schaeffler AG announced this morning it is seeking to buy out Vitesco. In detail, the all-cash offer stands at € 91 per share, valuing the powertrain supplier at € 3.6bn and representing a 20% premium to Vitesco’s 3M VWAP (VTSC shares already up 39% YTD and up 23% since the end-2021 spin-off). Looking at the valuation, the price offer suggests a ...
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