TI Fluid Systems Further Extends ABC Technologies' Takeover Bid Deadline

Dow Jones

2024-11-22

By Michael Susin

TI Fluid Systems said the deadline for ABC Technologies' $1.25 billion takeover approach was extended for a second time.

The U.K. car-fluid storage manufacturer on Friday said that ABC Technologies now has until Nov. 29 to either announce a firm intention to make an offer or walk away.

ABC Technologies--a company majority-owned by investment funds managed by Apollo Management IX--requested the extension of the deadline in order to complete financing and other arrangements, TI Fluid Systems said.

In a letter to the company's board, ABC has said that it substantially concluded its due diligence and confirmed its possible offer price of 200 pence a share, TI Fluid Systems said.

The nonbinding proposal made in October values TI Fluid Systems at 994 million pounds, and followed several rejected bids that started with an initial 165 pence a share.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

November 22, 2024 03:03 ET (08:03 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2485280479"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2485280479\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2485280479?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 16:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485280479","market":"fut","top_or_hot":-1,"title":"TI Fluid Systems Further Extends ABC Technologies' Takeover Bid Deadline","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  TI Fluid Systems said the deadline for ABC Technologies' $1.25 billion takeover approach was extended for a second time. \n</p>\n<p>\n  The U.K. car-fluid storage manufacturer on Friday said that ABC Technologies now has until Nov. 29 to either announce a firm intention to make an offer or walk away. \n</p>\n<p>\n  ABC Technologies--a company majority-owned by investment funds managed by Apollo Management IX--requested the extension of the deadline in order to complete financing and other arrangements, TI Fluid Systems said. \n</p>\n<p>\n  In a letter to the company's board, ABC has said that it substantially concluded its due diligence and confirmed its possible offer price of 200 pence a share, TI Fluid Systems said. \n</p>\n<p>\n  The nonbinding proposal made in October values TI Fluid Systems at 994 million pounds, and followed several rejected bids that started with an initial 165 pence a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Michael Susin at michael.susin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 03:03 ET (08:03 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>TI Fluid Systems Further Extends ABC Technologies' Takeover Bid Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTI Fluid Systems Further Extends ABC Technologies' Takeover Bid Deadline\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-22 16:03</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  TI Fluid Systems said the deadline for ABC Technologies' $1.25 billion takeover approach was extended for a second time. \n</p>\n<p>\n  The U.K. car-fluid storage manufacturer on Friday said that ABC Technologies now has until Nov. 29 to either announce a firm intention to make an offer or walk away. \n</p>\n<p>\n  ABC Technologies--a company majority-owned by investment funds managed by Apollo Management IX--requested the extension of the deadline in order to complete financing and other arrangements, TI Fluid Systems said. \n</p>\n<p>\n  In a letter to the company's board, ABC has said that it substantially concluded its due diligence and confirmed its possible offer price of 200 pence a share, TI Fluid Systems said. \n</p>\n<p>\n  The nonbinding proposal made in October values TI Fluid Systems at 994 million pounds, and followed several rejected bids that started with an initial 165 pence a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Michael Susin at michael.susin@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 22, 2024 03:03 ET (08:03 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2039709279.SGD","symbol_name":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485280479","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485280479","pubTimestamp":1732262580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"TI Fluid Systems said the deadline for ABC Technologies' $1.25 billion takeover approach was extended for a second time.The U.K. car-fluid storage manufacturer on Friday said that ABC Technologies now has until Nov. 29 to either announce a firm intention to make an offer or walk away.ABC Technologies--a company majority-owned by investment funds managed by Apollo Management IX--requested the extension of the deadline in order to complete financing and other arrangements, TI Fluid Systems said.In a letter to the company's board, ABC has said that it substantially concluded its due diligence and confirmed its possible offer price of 200 pence a share, TI Fluid Systems said.The nonbinding proposal made in October values TI Fluid Systems at 994 million pounds, and followed several rejected bids that started with an initial 165 pence a share.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","01288":"农业银行","BK1231":"综合性银行","BK1560":"内银股","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0173614495.USD":"富达中国焦点A","BK1521":"挪威政府全球养老基金持仓","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","03143":"华夏香港银行股"},"translate_title":"TI Fluid Systems进一步延长ABC Technologies的收购要约截止日期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01288":1,"03143":0.6},"content_text":"By Michael Susin \n\n\n \n\n\n  TI Fluid Systems said the deadline for ABC Technologies' $1.25 billion takeover approach was extended for a second time. \n\n\n  The U.K. car-fluid storage manufacturer on Friday said that ABC Technologies now has until Nov. 29 to either announce a firm intention to make an offer or walk away. \n\n\n  ABC Technologies--a company majority-owned by investment funds managed by Apollo Management IX--requested the extension of the deadline in order to complete financing and other arrangements, TI Fluid Systems said. \n\n\n  In a letter to the company's board, ABC has said that it substantially concluded its due diligence and confirmed its possible offer price of 200 pence a share, TI Fluid Systems said. \n\n\n  The nonbinding proposal made in October values TI Fluid Systems at 994 million pounds, and followed several rejected bids that started with an initial 165 pence a share. \n\n\n \n\n\n  Write to Michael Susin at michael.susin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 22, 2024 03:03 ET (08:03 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}