Superior Industries International Germany AG made an offer to acquire the remaining 38.7% stake in UNIWHEELS AG (WSE:UNW) for PLN 1.1 billion on March 23, 2017. Superior Industries will make a public tender offer wherein it will pay PLN 235.83 per share to the shareholders of UNIWHEELS apart from UNIWHEELS Holding (Malta) Ltd. The tender offer follows an agreement whereby Superior Industries will acquire a 61.29% stake in UNIWHEELS from UNIWHEELS Holding Malta for PLN 226.5 per share or a total of PLN 1.7 billion. On March 29, 2017, the tender offer price was revised to PLN 236.07 per share. As on May 18, 2017, the tender offer price is revised again and new price is set at PLN 247.87 per share. The purchase will be financed through a combination of debt, preferred equity, and balance sheet cash. The financing will be done through approximately $660 million (PLN 2.6 billion) of newly funded debt, consisting of a $400 million (PLN 1.5 billion) senior secured term loan B and $260 million (PLN 1.03 billion) of senior unsecured notes, as well as $150 million (PLN 593.61 million) of preferred equity and a $150 million (PLN 593.61 million) revolving credit facility. The preferred equity will be purchased by TPG Growth. The debt financing will be provided by a consortium of banks including Citibank N.A., JP Morgan, Royal Bank of Canada and Deutsche Bank. Pursuant to completion, two members of the supervisory Board of UNIWHEELS including the current Chairman of the supervisory Board will step down from their office as members of the supervisory Board. Completion of the tender offer is subject to the condition that at least 75% of the outstanding UNIWHEELS shares are tendered. The tender offer is not conditioned on receipt of any antitrust approvals. The transaction has been approved by the Boards of Directors of Superior Industries and UNIWHEELS Malta. As of April 7, 2017, the Board of UNIWHEELS approved the transaction. The tender offer will commence on April 12, 2017 and end on May 22, 2017. The transaction is expected to be settled on May 30, 2017. The acquisition will be immediately accretive to EPS. Winston & Strawn LLP, Heuking Kühn Lüer Wojtek and SMM Legal acted as legal advisors while Victoria Sivrais of Clermont Partners acted as public relations advisors to Superior Industries. Lukasz Berak and Andrzej Motyka of Soltysinski, Kawecki and Szlezak acted as legal advisor for Uniwheels. Hartmut Krause, Jaroslaw Iwanicki, Alexander Wüpper, Maciej Skoczynski, Hans-Peter Löw, Matthias Horn, Thomas Neubaum, Jens Matthes, Jürgen Schindler, Tomasz Kawczynski, Marta Sendrowicz, Joyce Leemrijse, Marcus Heinrich, Katharina Stüber and Boris Blunck of Allen & Overy acted as legal advisor for Superior Industries. Evercore acted as lead financial advisor with Pricewaterhouse Coopers LLP and Ernst & Young LLP acted as accountant to Superior Industries in the transaction. Ludwig & Co. GmbH is acting as financial advisor to Uniwheels in the transaction. Dom Maklerski Banku Handlowego S.A. is servicing the tender offer. The currency conversion was done through ‘www.oanda.com’ on March 23, 2017.