Spring Electronics out of China is trying to buy up every single share of Asetek through a tender offer worth around 547 million Danish kroner. The cooling company behind a ton of AIO liquid coolers got hit hard after their closed-loop patent expired back in May, which basically opened the floodgates for competitors to flood the market with similar tech. Asetek had been shopping itself around because revenue tanked once everyone could copy their designs without legal consequences.
The deal prices shares at 1.72 kroner each and would turn Asetek from a publicly traded outfit into a wholly owned subsidiary under Spring's Singapore branch. The Chinese electronics manufacturer apparently wants Asetek's engineering know-how and relationships with PC hardware brands to beef up its thermal management game. Shareholders still need to accept the offer, and regulators have to sign off before anything becomes official.
The deal prices shares at 1.72 kroner each and would turn Asetek from a publicly traded outfit into a wholly owned subsidiary under Spring's Singapore branch. The Chinese electronics manufacturer apparently wants Asetek's engineering know-how and relationships with PC hardware brands to beef up its thermal management game. Shareholders still need to accept the offer, and regulators have to sign off before anything becomes official.
