Welcome to our dedicated page for Methode Ele news (Ticker: MEI), a resource for investors and traders seeking the latest updates and insights on Methode Ele stock.
Methode Electronics, Inc. (NYSE: MEI) is described in its public communications as a global supplier of custom-engineered mechatronic solutions for user interface, lighting, power distribution and sensor applications. This news page aggregates coverage related to the company’s operations across its Automotive, Industrial and Interface segments, as well as its activity in transportation, cloud computing infrastructure, construction equipment and consumer appliance end markets.
Investors following MEI news will find regular earnings announcements, where Methode reports segment net sales, income from operations, non‑GAAP measures such as Adjusted EBITDA, Net Debt and Free Cash Flow, and commentary on factors like electric vehicle demand, program roll‑offs and transformation initiatives. Releases often discuss trends in automotive sensor and user interface products, power products for data centers, and lighting products for commercial vehicles and off‑road equipment.
News items also include dividend declarations, with the board of directors announcing quarterly cash dividends and related record and payment dates, as well as information about conference calls and webcasts where management reviews financial and operational highlights. Additional updates cover investor conference participation, leadership changes in areas such as accounting and investor relations, and governance events like the annual meeting of stockholders.
By reviewing the MEI news stream, readers can see how Methode communicates its transformation progress, cost‑reduction efforts, capital allocation decisions and risk considerations. This page can be useful for tracking how developments in automotive, commercial vehicle, electric and hybrid vehicle applications, and data center power products are reflected in the company’s public disclosures over time.
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Methode Electronics, Inc. (NYSE: MEI) announced the successful acquisition of 80.7% of Nordic Lights Group Corporation, following a public tender offer that became unconditional. The company settled a total of EUR 106.5 million for 16,908,155 shares at EUR 6.30 each. Methode plans to acquire all remaining shares and has intentions for Nordic Lights to be delisted from Nasdaq First North Growth Market Finland. This acquisition is expected to be accretive to earnings and free cash flow in fiscal 2024, factoring in amortization and interest expenses. Nordic Lights is recognized for its high-quality lighting solutions tailored for heavy-duty equipment across various sectors, including mining and construction, complementing Methode's existing product lines. CEO Donald W. Duda emphasized the strategic fit of Nordic Lights in broadening their market reach.
Methode Electronics, Inc. (NYSE: MEI) has confirmed the successful completion of its public tender offer for all outstanding shares of Nordic Lights Group Corporation, with 16,908,155 shares tendered, representing 80.7% of Nordic Lights’ outstanding shares. The company waived the previous over 90% acceptance condition, declaring the offer unconditional. Settlement of the tendered shares is slated for April 20, 2023.
To encourage non-tendering shareholders, a subsequent offer period will open on April 24, 2023 and close on May 8, 2023, allowing more shareholders to participate at the same price.
Nordic Lights specializes in high-quality lighting solutions for heavy-duty equipment used in segments like mining, construction, and agriculture.
Methode Electronics (NYSE: MEI), a global supplier of engineered solutions, announced the expiration of its public tender offer for Nordic Lights Group Corporation shares on April 14, 2023. The preliminary results revealed that 16,873,355 shares were tendered, accounting for approximately 80.5% of Nordic Lights' capital. Methode plans to waive the condition requiring over 90% acceptance to close the offer, pending final confirmation of valid acceptances. If more than 80% of shares are accepted by April 19, 2023, Methode aims to settle payments to shareholders and finalize the acquisition by April 20, 2023. Nordic Lights specializes in high-quality lighting solutions for heavy-duty sectors like mining, construction, and agriculture.
Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, set to be paid on April 28, 2023. This dividend will be distributed to common stockholders recorded by the close of business on April 14, 2023. Methode Electronics specializes in custom-engineered solutions encompassing user interfaces, LED lighting, and power distribution, serving markets like automotive, cloud computing, and medical devices. The company's global operations extend across North America, Europe, the Middle East, and Asia, showcasing diverse engineering and manufacturing capabilities.