When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SUP - Super Industries surges 17% after $160M takeover offer from M2 Capital
Superior Industries International Inc.
Superior Industries ( NYSE: SUP ) jumped 17% after M2 Capital Partners offered to buy the auto parts maker for $160 million, or $5.85/share.
The offer represents a 36% premium to Superior's ( SUP ) closing price on Thursday, according to a statement. M2 Capital plans to immediately commence a tender offer for 100% of outstanding shares of Superior. Completion of the tender offer is expected to be in Q1. The transaction will be be funded by cash.