SUSE Going Private (Again)
The company behind SUSE Linux Enterprise, Rancher, and NeuVector recently announced that Marcel LUX III SARL (Marcel), its majority shareholder, intends to delist it from the Frankfurt Stock Exchange by way of a merger.
Marcel holds 79% of the SUSE shares, and EQT Private Equity has announced that it will launch a voluntary public purchase offer to the remaining shareholders prior to the delisting. The offering price for those shares is EUR 16.00.
Both the SUSE Management and Supervisory boards support this move as it will allow the company to shift its focus to its operation priorities and long-term strategies.
SUSE's CEO, Dirk-Peter van Leeuwen, said of the move, “I believe in the strategic opportunity of taking the company private – it gives us the right setting to grow the business and deliver on our strategy with the new leadership team in place.” He continued, “EQT Private Equity’s and SUSE’s partnership in a private setting has been fruitful before and we are excited about the long-term potential of the company and our continued collaboration”.
The timetable for the transaction looks like this: The offer document will soon be published by Marcel, which will be followed by a four-week acceptance period. The settlement of the offer is to occur in the first half of October 2023. During Q4 of 2023, a general meeting will be held to resolve the merger with an unlisted Luxembourg entity. Once all of this is finished, SUSE will then be delisted.
You can read a detailed description of the entire process from the official SUSE blog.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Gnome 47.1 Released with a Few Fixes
The latest release of the Gnome desktop is all about fixing a few nagging issues and not about bringing new features into the mix.
-
System76 Unveils an Ampere-Powered Thelio Desktop
If you're looking for a new desktop system for developing autonomous driving and software-defined vehicle solutions. System76 has you covered.
-
VirtualBox 7.1.4 Includes Initial Support for Linux kernel 6.12
The latest version of VirtualBox has arrived and it not only adds initial support for kernel 6.12 but another feature that will make using the virtual machine tool much easier.
-
New Slimbook EVO with Raw AMD Ryzen Power
If you're looking for serious power in a 14" ultrabook that is powered by Linux, Slimbook has just the thing for you.
-
The Gnome Foundation Struggling to Stay Afloat
The foundation behind the Gnome desktop environment is having to go through some serious belt-tightening due to continued financial problems.
-
Thousands of Linux Servers Infected with Stealth Malware Since 2021
Perfctl is capable of remaining undetected, which makes it dangerous and hard to mitigate.
-
Halcyon Creates Anti-Ransomware Protection for Linux
As more Linux systems are targeted by ransomware, Halcyon is stepping up its protection.
-
Valve and Arch Linux Announce Collaboration
Valve and Arch have come together for two projects that will have a serious impact on the Linux distribution.
-
Hacker Successfully Runs Linux on a CPU from the Early ‘70s
From the office of "Look what I can do," Dmitry Grinberg was able to get Linux running on a processor that was created in 1971.
-
OSI and LPI Form Strategic Alliance
With a goal of strengthening Linux and open source communities, this new alliance aims to nurture the growth of more highly skilled professionals.