bullish

Voxx International Corp (VOXX) - Wednesday, Sep 11, 2024

175 Views11 Dec 2024 20:06
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SUMMARY
  • Gentex Corp. proposed to buy all remaining shares of Voxx International Corp. for $5.50 per share, showing a 50% premium to the closing price
  • The offer included acquiring additional shares from a Selling Director and a term sheet to buy a 50% stake in EyeLock, a subsidiary of VOXX
  • Gentex, a company with a $7 billion market cap and 27% ownership in VOXX, is likely interested in EyeLock's biometric technology for potential integration into their automotive vision systems.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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