Previous close | 3.1000 |
Open | 3.1000 |
Bid | 4.9000 |
Ask | 7.2000 |
Strike | 120.00 |
Expiry date | 2024-11-15 |
Day's range | 3.1000 - 3.1000 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Advanced Energy (AEIS) raises offer to acquire XP Power, which will strengthen its position in the precision power industry.
Investors need to pay close attention to Advanced Energy (AEIS) stock based on the movements in the options market lately.
Advanced Energy Industries (NASDAQ:AEIS) announced earlier Tuesday that it has increased its bid for London-listed XP (NASDAQ:XP) Power (LON:XPP), and this all-cash offer could be hard to turn down, according to Jefferies. The latest offer, at a price of £19.50 per share, represents a 68% premium to XP Power’s closing share price of £11.64 on Monday and an 82% premium on its 30-trading day average price. XP Power’s board had rejected previous bids of £17.00 per share and £18.50 per share in the fourth quarter of last year, and said Tuesday that it had “unanimously concluded” that the proposal “fundamentally” undervalued the company and its prospects.