Locked content Superior tenders 11.4 mln Uniwheel shares

Superior Industries tendered 11.4 million shares of WSE-listed alloy wheels producer Uniwheels, representing a 92.3 percent stake in the company. The transaction will be finalized on May 25. American investor agreed to buy 7.6 million shares representing a 61.29 percent stake in the company from its...

Locked content Superior Industries offer for Uniwheels goes through

Superior Industries tendered over 75 percent of German WSE-listed alloy wheels producer Uniwheels shares, which means that the tender deal will go through. After agreeing to buy 61.29 percent of Uniwheels shares from its owner, Superior announced the tender to buy back the remaining 4.8 million shar...

Locked content Superior Industries raises prices in Uniwheels bid

Despite its earlier statement, that the offer is final, Superior Industries has raised its offer for the German WSE-listed alloy wheels producer Uniwheels to PLN 247.87 apiece, from the previous PLN 236.07. The new bid puts the value of the company at PLN 2.91 billion. After agreeing to buy 61.29 pe...

Locked content Superior bid for Uniwheels is final. No more dividends

Superior Industries said it won’t raise its offer for German WSE-listed alloy wheels producer Uniwheels shares. The current and final offer stands at PLN 236.07 per share. “We think it’s a fair price,” Superior CEO Donald J. Stebbins said. After agreeing to buy 61.29 percent of Uniwheels...

Locked content Superior Industries to bid on 100% Uniwheels shares

German Superior Industries International issued an offer to buy all shares in the WSE-listed alloy wheels producer Uniwheels, the company said in a market filing. “The Company has been notified today by its major shareholder that it has entered into an irrevocable undertaking with Superior Industrie...

Locked content Uniwheels main shareholder may sell part or entire stake

The lead shareholder of alloy rim producer Uniwheels could sell part of or its entire 61.3 percent stake in the company as part of a review of strategic options, Uniwheels announced. “The process is at an initial stage and Uniwheels Holding does not exclude any scenario, including a potential ...

Locked content Uniwheels steps up capacity of its plant

Alloy wheel manufacturer Uniwheels said on Wednesday that its its supervisory board and management board have decided to accelerate  expansion of its fourth plant in Stalowa Wola. Under the initial plan, the plant was supposed reach capacity of 2 million wheels in 2018, but considering higher than e...

Locked content Uniwheels debuts on WSE, records higher price per share

The opening price of Uniwheels stood at PLN 114 per share, growth of 8.95 percent compared with the IPO price which stood at PLN 105 a share. German alloy wheel manufacturer sold 4.8 million shares in the IPO. “The company is going to spend funds obtained through the IPO to partially finance t...

Locked content Uniwheels sets IPO price at PLN 105 a share

German alloy wheel manufacturer Uniwheels set its IPO share price at PLN 105 apiece, PLN 14 PLN lower than the maximum price. The offer is valued at PLN 504 million. There will be 4.8 million shares available in the public offering, half of which will be newly issued. Individual investors will be ab...