Grammer agrees to $889M takeover by Ningbo Jifeng Auto Parts affiliates

Grammer AG agreed to a buyout offer by affiliates of Chinese partner Ningbo Jifeng Auto Parts Co. valuing the German vehicle seat maker at about EUR 770 million ($889 million). The supervisory board endorsed the EUR 60 per share offer plus a EUR 1.25 dividend.

“Grammer AG agreed to a buyout offer by affiliates of Chinese partner Ningbo Jifeng Auto Parts Co. that values the German maker of vehicle seats at about 770 million euros ($889 million).”bloomberg.com

• 2 sources
• bloomberg.comGrammer Agrees to Chinese Partner's $889 Million Takeover Offer - BloombergEyk HenningMay 28, 2018
• cnbc.comUPDATE 2-Chinese firm to snap up German auto supplier GrammerAdam Jourdan, Alexander HübnerMay 29, 2018

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