TPE:6414

3 stories mentioning TPE:6414Updated 24d ago

Every FINWIRES story that references TPE:6414, newest first.

Ennoconn Initiates Mandatory Takeover Offer for Austria-based Kontron

Ennoconn (TPE:6414) board has approved a plan to acquire full ownership of Austria-based Kontron, through a mandatory public takeover offer in cash, according to a Wednesday Taiwan Exchange filing.Shares gained about 2% in Thursday's midday trade.The offer price is set at 23.50 euros per share and will be launched after Ennoconn crosses the 30% ownership threshold, in line with German regulations. It currently owns 29.99% stake in Kontron.The transaction, expected to close by end-2026, subject to regulatory approvals.The deal aims to strengthen Ennoconn's position in AI, edge computing and smart infrastructure markets, it said.

TPE:6414

Asia24d ago

Ennoconn Launches Takeover Bid for Kontron

Ennoconn (TPE:6414) on Wednesday launched a mandatory takeover offer for Austrian IoT firm Kontron.The Taiwanese firm is offering 23.5 euros per share in cash to acquire shares it does not already own, a premium of 2.4% to Kontron's closing price on June 9. The deal values Kontron at 1.47 billion euros, according to a Reuters report.Kontron said it would suspend a share buyback program it announced in March, pending the completion of the mandatory takeover offer.Kontron chief executive Hannes Niederhauser said he would not accept the offer with respect to the 1.3 million shares held in the company. Niederhauser's shares represent 2.2% of the business.

TPE:6414

Asia31d ago

Ennoconn Unit to Acquire Lex Computech Shares Via Tender Offer

Ennoconn (TPE:6414) unit Vecow approved a public tender offer to acquire common shares of Lex Computech, according to a Wednesday Taiwan Exchange filing.The investment is part of a financial investment strategy aimed at boosting long-term returns and strengthening cooperation between the companies.The offer price is NT$48 per share in cash, with Vecow depositing NT$240.0 million into a trust account managed by Mega Securities to fund the transaction.The tender offer is scheduled to run from June 4 to July 8.The completion of the offer remains subject to approval from Taiwan's Ministry of Economic Affairs' Investment Review Department before the tender offer expires.

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