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BorgWarner subsidiary to acquire AKASOL AG for EUR 120 per share · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Electrical Equipmentworld trade 2024+7.2% 5Y CAGR

Apr 7, 2021ACQUISITIONDarmstadt, Germany

BorgWarner subsidiary to acquire AKASOL AG for EUR 120 per share

BorgWarner Inc., through its subsidiary ABBA BidCo AG, made a voluntary public takeover offer for AKASOL AG at EUR 120 per share. AKASOL's management and supervisory board unanimously recommend acceptance.

Status

Announced

Productsbattery systems for electric vehicles

CompaniesBorgWarner acquirer AKASOL target

Sectors#Automotive Components #Electrical Equipment

“The Management Board and Supervisory Board of AKASOL AG are in agreement that the merger with BorgWarner is the right step for AKASOL”eqs-news.com

1 source
eqs-news.comAKASOL AG: Unanimous recommendation of acceptance of the takeover offer by BorgWarner subsidiary ABBA BidCo AG | Corporate - EQS NewsApr 7, 2021

Summarized from public sources; check the original articles before acting on it.

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