Methode electronics announces a cash offer to acquire nordic lights group corporation

Chicago, feb. 28, 2023 (globe newswire) -- methode electronics, inc. (nyse: mei), a leading global supplier of custom-engineered solutions for user interface, led lighting system and power distribution applications, announced that it has entered into a definitive agreement pursuant to which it will launch a recommended public tender offer for all of the outstanding shares of nordic lights group corporation (“nordic lights”), at an offer price of eur 6.30 per share, for a total equity value of approximately eur 132 million. nordic lights is a premium provider of high-quality lighting solutions for heavy-duty equipment and a public limited liability company incorporated in finland with its shares admitted to trading on nasdaq first north.
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