6 stories mentioning TPE:6414Updated 3d ago
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Ennoconn (TPE:6414) launched a tender offer for its German unit, Kontron, and subsequently acquired 12.2 million shares for about 287 million euros, according to a Saturday Taiwan Exchange filing.Following the transaction, Ennoconn remains Kontron's largest shareholder.Ennoconn will complete the share settlement in accordance with German regulations, it said.
Kontron AG, a subsidiary of Ennoconn Corp (TPE:6414), said all terms and conditions of the company's mandatory tender offer have been met, and the foreign direct investment review has been cleared in Germany, according to a Tuesday filing with the Taiwan stock exchange.The industrial computer manufacturer's shares were down nearly 7% in recent trade.In June, Ennoconn's board had approved a plan to acquire additional shares of Austria-based Kontron through a mandatory public takeover offer in cash.The offer price is set at 23.50 euros per share and was launched after Ennoconn crossed the 30% ownership threshold, in line with German regulations.Upon settlement, Ennoconn will hold 48.36% of the shares in Kontron AG in accordance with the shareholding notification and will not hold a majority of the voting rights after the offer's completion.The company said it does not plan to further increase its shareholding in Kontron.The offer is scheduled to settle on Aug. 20.
Ennoconn (TPE:6414) posted an attributable profit of NT$370 million for June, shooting up 81% from a year earlier.June earnings per share rose 69% year over year to NT$2.52, according to a Thursday Taiwan Exchange filing.Meanwhile, revenue for the month surged 57% annually to NT$17.7 billion.
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.
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.
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.
