Schaeffler - to submit tender offer for Vitesco Technologies

Schaeffler AG

09/10/2023 06:22

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)

 (Reporting by Ozan Ergenay, Editing by Friederike Heine)
 ((Ozan.Ergenay@thomsonreuters.com;))