2023-06-29 02:45:32 ET
Keysight Technologies ( NYSE: KEYS ) offers certain shareholders of ESI Group to acquire a controlling block of ESI Group’s share capital, presenting in aggregate 50.6% of the share capital and 55.8% of the theoretical voting rights of ESI Group, at a price per share of 155 euros in cash, and in return for entering into exclusivity.
The offer price of 155 euros per share represents a premium of ~72% to the closing price of 90.0 euros per share on 17 May 2023.
The acquisition values ESI Group’s entire issued and to be issued share capital under stock options and free share plans at ~913M euros on a fully diluted basis.
Completion is expected in Q4 2023.
For further details see:
Keysight to acquire controlling interest in ESI Group