Reuters logo
BRIEF-Superior Industries to acquire of Germany-based Uniwheels Ag
March 23, 2017 / 8:24 AM / in 9 months

BRIEF-Superior Industries to acquire of Germany-based Uniwheels Ag

March 23 (Reuters) - Superior Industries International Inc :

* Superior Industries announces transformative acquisition of Germany-based Uniwheels Ag

* aggregate equity purchase price is anticipated to be approximately $715 million.

* Says will commence a tender offer for 100% of outstanding shares of Uniwheels Ag on March 23, 2017

* transaction will be funded through a combination of debt, preferred equity, and balance sheet cash

* under terms,Uniwheels Malta will receive cash consideration of 226.5zl per share upon close of tender offer

* preferred equity will be purchased by TPG Growth; transaction approved by boards of directors of co, Uniwheels Malta

* Uniwheels public shareholders will receive cash consideration of approximately 236zl per share

* following deal anticipates that it will reduce its annual dividend from $0.72 per share to $0.36 per share

* debt financing will be provided by consortium of banks including Citibank Na, JP Morgan, Royal Bank Of Canada Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below