In what seems to be one of the biggest deals in recent times, Schaeffler Group’s planned acquisition of Vitesco Technologies seems to be inching closer to reality. As per recent development, the Executive Board and Supervisory Board of Vitesco Technologies Group (Vitesco Technologies) has published a joint reasoned statement pursuant to section 27 of the German Securities Acquisition and Takeover Act on the voluntary public tender offer of Schaeffler (Schaeffler) dated November 15, 2023.
In addition, Schaeffler today published an updated tender offer, which includes an increase of the offer price to 94 euros (Rs 8,260) per Vitesco Technologies share.
