Superior Industries Raises Cash Tender Offer Price For UNIWHEELS Shares

(RTTNews) - Superior Industries International, Inc. (SUP), a manufacturer of aluminum wheels for light vehicles, announced Thursday that it will increase its cash tender offer price for all the public shares of UNIWHEELS AG to 247.87zl per share, a 5% increase from Superior's original offer of 236.07zl.

The closing of the subscription period for public shareholders of UNIWHEELS to tender their shares is Monday, May 22. As previously announced, on May 11, UNIWHEELS Holdings (Malta) Ltd. tendered its shares for a cash consideration of 226.5zl per share, a 9% discount to the revised 247.87zl public tender offer price, into the takeover offer.

Headquartered in Southfield, Michigan, Superior is the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles