UGE International (TSE:UGE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
UGE International Ltd. is set to go private through an acquisition by NOVA Infrastructure Fund II, LP, offering an all-cash buyout of C$2.00 per common share, which is a significant premium over recent trading prices. The deal excludes certain management and shareholders—known as Rolling Shareholders—who will continue with the new private entity. The board, advised by a special committee and financial experts, has unanimously approved this transaction as beneficial for the company and its shareholders.
For further insights into TSE:UGE stock, check out TipRanks’ Stock Analysis page.