Brief: Advanced Energy Announces No Intention To Make An Offer For XP Power Ltd

XP Power

18/06/2024 07:02

June 18 (Reuters) - Advanced Energy Industries Inc
 AEIS.O :
    * ADVANCED ENERGY ANNOUNCES NO INTENTION TO MAKE AN OFFER
FOR XP
POWER LIMITED
    * ADVANCED ENERGY INDUSTRIES - CO HAS NOT IDENTIFIED ANY
ADDITIONAL ELEMENTS THAT WOULD JUSTIFY IMPROVING TERMS OF ITS
POSSIBLE OFFER
    * ADVANCED ENERGY WILL BE PREVENTED FROM ANNOUNCING AN OFFER
OR
POSSIBLE OFFER FOR XP POWER
    * BELIEVES THAT POSSIBLE OFFER, AT 1950P PER SHARE, CAPTURED
POTENTIAL OF FUTURE MARKET RECOVERY

Source text for Eikon:  ID:nBwbpmhcMa 
Further company coverage:  AEIS.O 

 ((Reuters.Briefs@thomsonreuters.com;))