M2 Capital Partners International Holdings Limited cancelled the acquisition of Superior Industries International, Inc..
March 22, 2024
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M2 Capital Partners International Holdings Limited has made an offer to acquire Superior Industries International, Inc. (NYSE:SUP) for approximately $160 million on November 11, 2022. M2 Capital Partners will commence a tender offer on November 11, 2022, to acquire 100% of the outstanding shares of Superior Industries International for $5.85 cash per share. The transaction will be funded by cash. The transaction is subject to the condition that at least 51% of the outstanding Superior shares are tendered, and other customary terms and conditions. Completion of the tender offer is expected to be in the first quarter of 2023.
M2 Capital Partners International Holdings Limited cancelled the acquisition of Superior Industries International, Inc. (NYSE:SUP) on March 23, 2024.
Superior Industries International, Inc. is engaged in designing and manufacturing aluminum wheels for sale to original equipment manufacturers (OEMs) in North America and Europe and to the aftermarket in Europe. The Company designs, engineers, and manufactures a wide variety of products utilizing the latest lightweight and finishing technologies. The Company is an aluminum wheel supplier to global OEMs and European aluminum wheel aftermarket manufacturers and suppliers. The Companyâs OEM aluminum wheels are primarily sold for factory installation on vehicle models. The Company sells aluminum wheels to the European aftermarket under the brands ATS, RIAL, ALUTEC and ANZIO. The Company manufactures all of its North American products in Mexico for sale in the United States, Canada and Mexico.