Vicor Corp. Stockholder Vote on Schneider Electric Acquisition Set
Ticker: VICR · Form: 8-K · Filed: Jun 24, 2024 · CIK: 751978
Sentiment: neutral
Topics: acquisition, merger, shareholder-vote
TL;DR
Vicor sets July 24th for shareholder vote on Schneider Electric's $1.4B buyout.
AI Summary
On June 21, 2024, Vicor Corporation filed an 8-K report detailing a special meeting of stockholders scheduled for July 24, 2024. The primary purpose of this meeting is to vote on the proposed acquisition of Vicor by Schneider Electric SE, which was previously announced on May 30, 2024, for approximately $1.4 billion.
Why It Matters
This filing is critical for Vicor shareholders as it sets the date for them to vote on the proposed $1.4 billion acquisition by Schneider Electric, directly impacting the future ownership and value of their investment.
Risk Assessment
Risk Level: medium — The outcome of the shareholder vote and potential regulatory approvals introduce uncertainty regarding the completion of the acquisition.
Key Numbers
- $1.4B — Acquisition Value (Proposed purchase price by Schneider Electric SE)
- July 24, 2024 — Meeting Date (Date for Vicor stockholders to vote on the acquisition)
Key Players & Entities
- Vicor Corporation (company) — Registrant
- Schneider Electric SE (company) — Acquiring company
- July 24, 2024 (date) — Date of special stockholder meeting
- May 30, 2024 (date) — Date of acquisition announcement
- $1.4 billion (dollar_amount) — Value of proposed acquisition
FAQ
What is the primary purpose of the special meeting of Vicor Corporation stockholders?
The primary purpose is to vote on the adoption of the Agreement and Plan of Merger, whereby Schneider Electric SE will acquire Vicor Corporation.
When is the special meeting of Vicor Corporation stockholders scheduled to take place?
The special meeting is scheduled to be held on July 24, 2024.
What is the approximate value of the proposed acquisition of Vicor Corporation by Schneider Electric SE?
The proposed acquisition is valued at approximately $1.4 billion.
When was the acquisition of Vicor Corporation by Schneider Electric SE initially announced?
The acquisition was initially announced on May 30, 2024.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-06-24 16:00:01
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share VICR The NASDAQ Stock Mar
Filing Documents
- d614614d8k.htm (8-K) — 32KB
- 0001193125-24-166926.txt ( ) — 148KB
- vicr-20240621.xsd (EX-101.SCH) — 3KB
- vicr-20240621_lab.xml (EX-101.LAB) — 17KB
- vicr-20240621_pre.xml (EX-101.PRE) — 11KB
- d614614d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VICOR CORPORATION Date: June 24, 2024 By: /s/ James F. Schmidt James F. Schmidt Chief Financial Officer