XP Power Shares Leap After Advanced Energy Discloses $594.6 Mln Takeover Interest -- Update
MarketWatch - 2024-05-21T08:33:00.000Z

By Ian Walker XP Power shares rose in early trade after Advanced Energy Industries disclosed its interest buying the London-listed company for 468 million

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Advanced Energy Announces Possible All-Cash Offer to Acquire XP Power Limited
DENVER, May 21, 2024--Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced a possible offer of £19.50 per share in cash to acquire the entire issued and to be issued shares of XP Power Limited (LSE: XPP, "XP Power"), after submitting three, all-cash, proposals to the Board of XP Power as set out below:
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Energie-NL: power grid expansion should not be paid for through people's energy bills
The gigantic investments in the power grid required for the energy transition in the coming years should not be paid for through consumers' energy bills. This was advocated by Cora van Nieuwenhuizen, leader of the trade association Energie-Nederland, in the TV program WNL Op Zondag. She would rather see the money for the expansion and reinforcement of the electricity grid come from general tax resources because there are different rates for poorer and richer households.
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Advanced Energy Announces Possible All-Cash Offer to Acquire XP Power Limited

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Energie-NL: power grid expansion should not be paid for through people's energy bills