Advanced Energy Abandons Acquisition Bid for XP Power

Advanced Energy (AEIS) just unveiled an announcement.

Advanced Energy Industries, Inc. has officially announced that it will not proceed with a bid to acquire XP Power Limited, confirming its previous statement from May. This decision was publicized in a recent press release, emphasizing that the information provided should not be considered as legally filed under the Securities Exchange Act of 1934, nor should it be assumed to carry any associated liabilities.

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