VOXX International Corporation (VOXX): $7.30
Market Cap: $164.36 Million
Deal Size: $182.24 Million
Gentex Corporation (GNTX) entered a merger agreement on December 18, 2024, to acquire VOXX International for $182.24 million in cash. Under the terms of the agreement, Gentex will acquire all the issued and outstanding shares of VOXX common stock not already owned by Gentex for $7.50 per share, which is at a 3.47% discount from the stock’s last close.
VOXX is a U.S.-based company specializing in automotive and consumer electronics, offering in-vehicle entertainment, security systems, premium audio products, and biometric security solutions. Gentex, on the other hand, is a global supplier of auto-dimming mirrors, automotive electronics, dimmable aircraft windows, and fire protection products, serving automotive, aviation, and fire safety markets.