NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN) R
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Posted On: 12/22/2023 4:20:52 PM
NetworkNewsBreaks — Cepton Inc. (NASDAQ: CPTN) Receives Indication of Interest from Koito Manufacturing Co.
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has received a nonbinding indication of interest from Koito Manufacturing Co. Ltd. Koito indicated an interest in acquiring 100% of the outstanding shares of the company not already owned by Koito or certain other potential rollover participants; those participants include Cepton president and CEO Dr. Jun Pei. The terms of any potential agreement between the two companies would be based on certain conditions, which were outlined in the announcement. The announcement noted that Cepton’s board of directors will carefully evaluate Koito’s indication of interest. “No assurance can be given that a definitive transaction with respect to Koito’s indication of interest or any other potential transaction will eventually be consummated,” the announcement stated. “Cepton does not intend to make any further announcements about any of the various alternatives that are being evaluated unless and until Cepton’s board of directors and/or the special committee has approved a specific transaction or otherwise determines that further disclosure is appropriate or necessary.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has received a nonbinding indication of interest from Koito Manufacturing Co. Ltd. Koito indicated an interest in acquiring 100% of the outstanding shares of the company not already owned by Koito or certain other potential rollover participants; those participants include Cepton president and CEO Dr. Jun Pei. The terms of any potential agreement between the two companies would be based on certain conditions, which were outlined in the announcement. The announcement noted that Cepton’s board of directors will carefully evaluate Koito’s indication of interest. “No assurance can be given that a definitive transaction with respect to Koito’s indication of interest or any other potential transaction will eventually be consummated,” the announcement stated. “Cepton does not intend to make any further announcements about any of the various alternatives that are being evaluated unless and until Cepton’s board of directors and/or the special committee has approved a specific transaction or otherwise determines that further disclosure is appropriate or necessary.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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