Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com -- Private equity firm Advent is preparing an offer to acquire Swiss positioning chip manufacturer U-blox Holding AG in a deal that could value the company at more than 1 billion Swiss francs ($1.2 billion).
The potential acquisition could be announced within the next few days, according to a report from Bloomberg, citing people familiar with the matter who asked not to be identified because the information is private.
U-blox shares have increased approximately 56% this year, giving the Swiss chipmaker a current market value of nearly $1.1 billion.
The sources indicated that discussions are still in progress, and there is no certainty that a transaction will be completed.
Neither Advent nor U-blox have made official statements regarding the potential deal.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.