---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008510"
form_type: "8-K"
ticker: "AEIS"
cik: "0000927003"
company_name: "ADVANCED ENERGY INDUSTRIES INC"
filed_at: "2024-05-21T23:59:59+00:00"
generated_at: "2026-06-01T11:56:39.933578+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Advanced Energy offers £19.50/share cash for XP Power, 68% premium; board rejected three proposals

## Summary
- Proposed £19.50/share cash offer values XP Power equity at ~£468M; total consideration £571M including net debt.
- Offer represents a 68% premium to XP Power's May 20 closing price of £11.64; three prior proposals were unanimously rejected.
- Advanced Energy has until June 18, 2024 to announce a firm intention or withdraw; no certainty a firm offer will be made.
- Funding would come from AEIS's $1.0B+ cash and low-cost debt; deal expected to expand gross margins and earnings.

## SEC filing metadata
- accession: 0001558370-24-008510
- form_type: 8-K
- ticker: AEIS
- cik: 0000927003
- company_name: ADVANCED ENERGY INDUSTRIES INC
- filed_at: 2024-05-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927003/000155837024008510/0001558370-24-008510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927003/000155837024008510/aeis-20240521x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008510
- JSON: https://secwatch.observer/filing/0001558370-24-008510.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008510.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.