DEI Holdings Bought at $305M

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DEI Holdings announced its shareholders approved the purchase of the company at a new higher price by Charlesbank Capital Partners for approximately $4.46 per share in cash or about $305 million.

DEI Holdings Gets Improved buy out deal The deal is expected to close within a few days.

The price is higher than the original $285 million as another suitor, Gibson Guitar Company, offered to buy DEI for $4.47 per share in cash and so Charlesbank subsequently matched the Gibson proposal.

DEI’s board of directors chose the Charlesbank offer because Gibson still needed to conduct due diligence and there were numerous conditions associated with the deal that were uncertain, it said.

Previously Charlesbank offered $3.79 to $3.80 cents a share.

Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital.

Source: DEI Holdings

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  1. DEI has always strive to be the leader in automotive electronics and has done a fine job of it. With all the technology in vehicles we are faced with today, I hope this transaction will further the technological abilities of DEI. The most difficult obstacle in our industry is keeping up with the automakers. I look forward to DEI moving forward and continuing to be the leader in mobile electronics.

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