First Brands Group to acquire Horizon Global

First Brands Group, a global automotive parts manufacturer, will acquire Horizon Global, a manufacturer of towing and trailering equipment, in an all-cash tender offer for $1.75 per share. The transaction was announced on January 3, 2023.

“The Transaction represents the culmination of a thorough review of strategic alternatives announced in August and represents what we believe is the best outcome for our customers, suppliers, shareholders and employees.”businesswire.com

• 3 sources
• businesswire.comHorizon Global Announces Agreement with First Brands GroupMatthew MeyerJan 3, 2023
• dbusiness.comHorizon Global to be Acquired by Rochester’s First Brands Group - DBusiness MagazineJake BekemeyerJan 4, 2023
• natda.orgHorizon Global to be Acquired by First Brands Group - North American Trailer Dealers AssociationJan 9, 2023

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