By Reuters | Updated: 9 October 2023
Oct 9 (Reuters) – Schaeffler AG (SHA_p.DE) is to launch a tender offer to all shareholders of Vitesco Technologies (VTSCn.DE), the German EV components maker said on Monday.
The company is offering to acquire all no-par value registered shares of the company, and intends to offer a cash consideration in the amount of 91 euros ($96.02) per share, the company said.
It added that the offer will not be subject to a minimum acceptance rate.
($1 = 0.9477 euros)
© Thomson Reuters 2023
