Luxfer Holdings PLC to be Acquired by Platinum Equity
Ticker: LXFR · Form: 8-K · Filed: Feb 18, 2025 · CIK: 1096056
| Field | Detail |
|---|---|
| Company | Luxfer Holdings PLC (LXFR) |
| Form Type | 8-K |
| Filed Date | Feb 18, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, private-equity, merger
Related Tickers: LXFR
TL;DR
Luxfer is being bought by Platinum Equity for $826M ($27.25/share cash).
AI Summary
Luxfer Holdings PLC announced on February 12, 2025, that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity Advisors, LLC. The transaction is valued at approximately $826 million, with shareholders to receive $27.25 per share in cash. The deal is expected to close in the second quarter of 2025, subject to customary closing conditions.
Why It Matters
This acquisition by Platinum Equity at a significant premium to its current trading price suggests a belief in Luxfer's underlying value and future potential, potentially leading to strategic changes under new ownership.
Risk Assessment
Risk Level: medium — The deal is subject to closing conditions and regulatory approvals, which could delay or prevent its completion.
Key Numbers
- $826M — Transaction Value (Total amount Platinum Equity is paying for Luxfer Holdings PLC.)
- $27.25 — Price Per Share (Cash amount each Luxfer shareholder will receive.)
Key Players & Entities
- Luxfer Holdings PLC (company) — Company being acquired
- Platinum Equity Advisors, LLC (company) — Acquiring entity
- $826 million (dollar_amount) — Total transaction value
- $27.25 (dollar_amount) — Price per share in cash
- February 12, 2025 (date) — Date of agreement
- second quarter of 2025 (date) — Expected closing period
FAQ
What is the total value of the acquisition agreement?
The acquisition agreement is valued at approximately $826 million.
Who is acquiring Luxfer Holdings PLC?
An affiliate of Platinum Equity Advisors, LLC is acquiring Luxfer Holdings PLC.
What price will Luxfer shareholders receive per share?
Luxfer shareholders will receive $27.25 per share in cash.
When is the acquisition expected to close?
The transaction is expected to close in the second quarter of 2025.
What is the date of the definitive agreement?
The definitive agreement was entered into on February 12, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on February 18, 2025 regarding LUXFER HOLDINGS PLC (LXFR).