A Deal with Strong Backing
The U-blox board unanimously endorsed the Advent offer, encouraging shareholders to accept. The company’s largest investor, SEO Master Fund LP, which holds 8.9%, has already pledged its support by committing to tender its shares.
Regulatory Hurdles Remain
While the proposed deal was first revealed in mid-August, Advent noted it still requires undisclosed regulatory approvals. If cleared, the acquisition is expected to close in the first quarter of 2026.
