Schaeffler: German regulator BaFin approves tender offer for Vitesco

Vitesco Technologies AG

15/11/2023 09:59

Nov 15 (Reuters) - German financial regulator BaFin has
approved Schaeffler's  SHA_p.DE  voluntary public tender offer
to acquire Vitesco  VTSCn.DE  shares, the German EV components
maker said on Wednesday.
    The company launched a tender offer to all shareholders of
Vitesco Technologies in October.
    "Vitesco shareholders have the choice of tendering their
shares or benefiting from the expected significant synergies by
retaining their shares until the planned merger with
Schaeffler," the company said in a statement.
    The tender offer can be accepted until December 15, it
added.

    

 (Reporting by Anastasiia Kozlova and Amir Orusov
Editing by Miranda Murray)
 ((Anastasiia.Kozlova@thomsonreuters.com;
Amir.Orusov@thomsonreuters.com))