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u-blox Holding AG ( (CH:UBXN) ) just unveiled an update.
Advent International, a prominent global private equity firm, has announced a public tender offer to acquire all publicly held shares of u-blox Holding AG, valuing the company at approximately CHF 1.05 billion. The offer, which represents a significant premium over recent share prices, has been recommended by u-blox’s Board of Directors and is supported by its largest shareholder. Advent plans to delist u-blox from the SIX Swiss Exchange following the acquisition, potentially impacting the company’s market presence and operations.
The most recent analyst rating on (CH:UBXN) stock is a Hold with a CHF149.00 price target. To see the full list of analyst forecasts on u-blox Holding AG stock, see the CH:UBXN Stock Forecast page.
More about u-blox Holding AG
u-blox is a global leader in the automotive, industrial, and consumer markets, specializing in innovative positioning and short-range communication technologies. Headquartered in Thalwil, Switzerland, the company provides high-precision solutions that enable precise positioning and wireless communication for people, vehicles, and machines.
Average Trading Volume: 44,531
Technical Sentiment Signal: Buy
Current Market Cap: CHF1.01B
For detailed information about UBXN stock, go to TipRanks’ Stock Analysis page.