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Highway Holdings plans to acquire 51% of Regent-Feinbau Adermann GmbH
2025-12-23 20:57
- Highway Holdings (HIHO) said on Tuesday that it has signed a letter of intent with LeMALe Beteiligungs-GmbH to acquire 51% of German-based Regent-Feinbau Adermann GmbH primarily for cash and a smaller amount of the company's unregistered shares.
- The proposed acquisition, which targets a close by the end of March 2026, remains subject to the completion of due diligence, negotiation, and execution of a definitive purchase agreement, and satisfaction of customary closing conditions.
- Highway Holdings (HIHO) shares were up 1.81% in premarket trading.
More on Highway Holdings
- Seeking Alpha’s Quant Rating on Highway Holdings
- Financial information for Highway Holdings
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