Faurecia to acquire 60% stake in Hella and launch tender offer for remaining shares

Faurecia announced a public tender offer to acquire all shares of Hella at €60 per share, and will acquire the 60% stake held by the Hella pool family shareholders for a combination of cash and shares, creating the 7th largest global automotive supplier.

“HELLA and Faurecia today signed an agreement on the combination of the two companies.”hella.com

• 5 sources
• hella.comCompany / 14.08.2021 | HELLAAug 14, 2021
• forvia.comFaurecia va lancer une offre publique d'achat en numéraire sur Hella et l’acquisition auprès du pool familial de sa participation de 60% | FORVIAAug 14, 2021
• reuters.comFaurecia wins bidding tussle over auto lights maker Hella | ReutersLudwig BurgerAug 14, 2021
• news.bloomberglaw.comFaurecia to Take Over Auto Supplier Hella in $8 Billion DealYueqi YangAug 15, 2021
• mexicobusiness.newsFaurecia To Acquire Majority Stake in HELLAAug 25, 2021

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