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
-
Keep Android Open
Google has announced that, soon, anyone looking to develop Android apps will have to first register centrally with Google.
-
Kernel 7.0 Now in Testing
Linus Torvalds has announced the first Release Candidate (RC) for the 7.x kernel is available for those who want to test it.
-
Introducing matrixOS, an Immutable Gentoo-Based Linux Distro
It was only a matter of time before a developer decided one of the most challenging Linux distributions needed to be immutable.
-
Chaos Comes to KDE in KaOS
KaOS devs are making a major change to the distribution, and it all comes down to one system.
-
New Linux Botnet Discovered
The SSHStalker botnet uses IRC C2 to control systems via legacy Linux kernel exploits.
-
The Next Linux Kernel Turns 7.0
Linus Torvalds has announced that after Linux kernel 6.19, we'll finally reach the 7.0 iteration stage.
-
Linux From Scratch Drops SysVinit Support
LFS will no longer support SysVinit.
-
LibreOffice 26.2 Now Available
With new features, improvements, and bug fixes, LibreOffice 26.2 delivers a modern, polished office suite without compromise.
-
Linux Kernel Project Releases Project Continuity Document
What happens to Linux when there's no Linus? It's a question many of us have asked over the years, and it seems it's also on the minds of the Linux kernel project.
-
Mecha Systems Introduces Linux Handheld
Mecha Systems has revealed its Mecha Comet, a new handheld computer powered by – you guessed it – Linux.