EQT AB has made a cash offer of $1.4 billion to acquire OEM International AB, with the goal of boosting growth through mergers and acquisitions for the Swedish component manufacturer.
The private equity group has proposed a price of $10.26 per share, and has already obtained 72.5% of the voting rights through irrevocable commitments from key shareholders.
The total value of the transaction is approximately 15.25 billion kronor, representing a 12.3% discount compared to the closing price of OEM's shares on the previous Monday. This move highlights EQT's dedication to expanding its portfolio in the manufacturing sector.