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Advanced Energy has increased its bid to acquire XP Power Limited, offering £19.50 per share in cash, up from the previous offers of £17.00 per share. This new bid represents a 68% premium to XP Power's closing share price of £11.64. The total value of the takeover interest disclosed by Advanced Energy is $595 million. Nasdaq-listed Advanced Energy's proposal may be difficult to reject, according to Jefferies. Advanced Energy shares saw a 0.1% gain pre-market.
New XP Power bid may be difficult to reject - Jefferies https://t.co/XhPRADTUVZ https://t.co/jgNtIvPG3t
Breaking News: Advanced Energy proposes £19.50 per share in cash to acquire XP Power, marking a 68% premium to their closing share price of £11.64. Stay tuned for more updates. #mergersandacquisitions #businessnews $AEIS $PSCT $XPPLF $RNMC
$AEIS (+0.1% pre) Advanced Energy discloses takeover interest in XP Power - SA https://t.co/wQH9hKawNM
