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VDL Groep B.V. will announce that the industrial family business has decided not to make its previously announced public offer for all issued and outstanding shares in the capital of Neways Electronics International N.V. Failure to match the alternative offer means that the irrevocable undertakings previously obtained from three major shareholders of Neways to offer their shares to VDL will lapse.
After VDL announced on Friday 30 April 2021 that it was in talks with Neways about a proposal to make a public offer for the shares of Neways, VDL announced on Wednesday 19 May 2021 that the consultations on a possibly supported public offer had ended. The reason for this is that the management board and the supervisory board of Neways do not support a public offer based on the increased offer price of EUR 13.00 in cash, despite the broad support of at least 68.70% of the shareholders of Neways for that offer price. On Friday 28 May 2021, VDL nevertheless announced that it would make a public offer for all Neways shares. After Neways and Infestos announced on Thursday 24 June 2021 that they had reached an agreement on an offer, supported by the management board and the supervisory board, with a price of EUR 14.55 in cash, VDL announced on Friday 25 June 2021 it was going to consider the new situation.
Dr. Ronald C. Lasky, Indium Corp.
It may be difficult to see any bright spots in the current and recent economic situation. We have all experienced the devastation of the pandemic, supply chain issues, and most recently, inflation. However, as a senior technologist for an international materials supplier (Indium Corporation) and a professor of engineering at an Ivy League research university (Dartmouth College), I offer these four silver linings for those of us in the electronics industry.
Chris Peters, USPAE
Events of the past two years have clearly demonstrated the value of strong trading relationships. When materials become constrained, as in the recent microchip shortage or any of the pandemic-driven supply chain snafus, the companies that have those materials have a choice to make. Which customers will be put at the front of the line, and which will be placed at the rear? Too often, company executives assume that since they are a large buyer, they automatically will be prioritized when supplies are constrained. Research has shown that this is not always the case, and that assumption can leave a company in a weakened position.
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