Voxx jumps after Gentex buys shares at $5, offers buyout

Written by Emily J. Thompson, Senior Investment Analyst

VOXX%

GNTX-0.29%

Updated: Aug 27 2024

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Gentex Proposal: Gentex submitted a preliminary proposal to acquire all outstanding shares of Voxx not owned by them, contingent on negotiations and shareholder approval, with CEO Steve Downing recusing himself from discussions.
Voxx's Response and Stock Activity: Voxx's board decided not to proceed with Gentex's proposal but invited future participation in strategic processes; following Gentex's stock purchases, Voxx's shares rose significantly, reflecting ongoing efforts to maximize shareholder value.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Voxx jumps after Gentex buys shares at $5, offers buyout

About the author

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