From Nasdaq.: 2024-06-18 02:56:19

Advanced Energy Industries, Inc. confirmed it will not make an offer for XP Power Limited due to lack of necessary access for due diligence. The proposed offer at 19.50 pounds per share was deemed fair considering market recovery potential and operational risks. The decision aligns with the company’s financial discipline, focusing on acquisitions that yield returns above the cost of capital. Advanced Energy continues to explore investment opportunities in the precision power industry. (Source: RTTNews)



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