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 percent of Uniwheels shares from its owner, Superior announced the tender to buy back the remaining 4.8 million shares in free float. The company announced that the offer will be valid if at least 75 percent of Uniwheels shares are tendered. At the end of trading on Thursday, Uniwheels shares were worth PLN 247.1 apiece. Subscriptions in the tender will run until May 22.