Roschier advises Nordic Lights in Methode’s takeover offer for all the shares in Nordic Lights
The Board of Directors of Nordic Lights Group Corporation has unanimously agreed to recommend that the shareholders of Nordic Lights accept Methode Electronics Inc.’s all cash takeover offer, valued to approximately EUR 132 million. Roschier represents Nordic Lights in the transaction.
The offer is currently expected to be completed during the second quarter of 2023, with the offer period expected to commence on or about March 15 and to expire on or about April 14, 2023.
Listed on the New York Stock Exchange, Methode Electronics Inc. is a Chicago-based leading global supplier of custom engineered solutions. It designs, engineers, and produces mechatronic products for Original Equipment Manufacturers utilizing a broad range of technologies for user interface, LED lighting system, power distribution and sensor applications.
Based in Pietarsaari, Finland, Nordic Lights is a global premium supplier of high-quality lighting solutions for heavy-duty equipment in several industrial sectors. The company employs around 300 employees globally and focuses on providing solutions mainly to five end-user segments: mining, construction, forestry, agriculture, and material handling. The shares in Nordic Lights are admitted to trading on Nasdaq First North Growth Market Finland.