Advent International Announces Tender Offer for u-blox

An announcement from u-blox Holding AG ( (CH:UBXN) ) is now available.

Advent International, through its subsidiary ZI Zenith, has announced a public tender offer to acquire all publicly held shares of u-blox Holding AG at CHF 135.00 per share, representing a significant premium over recent share prices. The u-blox Board of Directors has unanimously recommended the offer, which is expected to enhance the company’s strategic objectives and growth potential, supported by Advent’s resources and expertise in automotive and industrial markets. The transaction is anticipated to be completed within six months, with plans to delist u-blox shares from the SIX Swiss Exchange.

The most recent analyst rating on (CH:UBXN) stock is a Hold with a CHF77.00 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 advanced positioning and short-range communication technologies. Headquartered in Thalwil, Switzerland, the company provides innovative solutions that enable precise positioning and wireless communication for people, vehicles, and machines worldwide.

YTD Price Performance: 89.86%

Average Trading Volume: 31,551

Technical Sentiment Signal: Buy

Current Market Cap: CHF1.03B

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