(Reuters) – Schaeffler AG is to launch a tender offer to all shareholders of Vitesco Technologies, the German EV components maker said on Monday.
The company is offering to acquire all no-par value registered shares of the company, and intends to offer a cash consideration in the amount of 91 euros ($96.02) per share, the company said.
It added that the offer will not be subject to a minimum acceptance rate.
($1 = 0.9477 euros)
(Reporting by Ozan Ergenay, Editing by Friederike Heine)
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