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u-blox Holding AG ( (CH:UBXN) ) has shared an update.
Zenith, a subsidiary of Advent International, has successfully declared its public tender offer for u-blox, acquiring 67.55% of the company’s shares. This acquisition is expected to lead to a squeeze-out procedure and the delisting of u-blox shares from the SIX Swiss Exchange, pending regulatory approvals and shareholder meetings.
The most recent analyst rating on (CH:UBXN) stock is a Hold with a CHF135.00 price target. To see the full list of analyst forecasts on u-blox Holding AG stock, see the CH:UBXN Stock Forecast page.
More about u-blox Holding AG
u-blox is a global leader in the automotive, industrial, and consumer markets, specializing in positioning and short-range communication technologies. The company provides high-precision solutions that enable precise positioning and wireless communication for people, vehicles, and machines. Headquartered in Thalwil, Switzerland, u-blox operates globally with offices in Europe, Asia, and the USA.
Average Trading Volume: 61,681
Technical Sentiment Signal: Buy
Current Market Cap: CHF1.01B
Find detailed analytics on UBXN stock on TipRanks’ Stock Analysis page.