March, 2017 - Duesseldorf, Germany
Superior Industries Starting Takeover of German Uniwheels AG
A team led by Dr. Guido Hoffmann, LL.M., comprehensively advised Superior Industries, one of the largest manufacturers of aluminum wheels for light vehicles, on a takeover bid for German wheel manufacturer Uniwheels AG. The advice focused on structuring the transaction, on matters pertaining to corporate law, employment law, and commercial law, and on due diligence. The takeover bid is for 100% of the outstanding Uniwheels shares with the agreement by the owner of 61% of the shares. The takeover is subject to the condition that Superior will acquire at least 75% of the shares in Uniwheels AG. The transaction has a volume of some $712 million and is expected to be completed by the end of May 2017.