EINDHOVEN, NETHERLANDS – VDL Groep said it will be making a public offer for all issued and outstanding shares in the capital of EMS provider Neways Electronics. The public offer amounts to €13.00 per Neways share, payable in cash.

The offer represents a premium of 19.3% compared to the closing price of the Neways share on Apr. 29 and a premium of 38.9% over the three-month VWAP as of that date.

Most shareholders outside VDL have already declared willingness to offer their shares for the offer price (together with VDL approximately 70% of the shares). With the public offer, VDL also gives the remaining approximately 30% of Neways shareholders the opportunity to accept the public offer.

In response, Neways says it has taken note of VDL’s press release and will make further announcements when required.

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