Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 42

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 42
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 such parties, provided limited non-public materials regarding the Company’s business and operations to, and conducted management presentations with, four (4) of the financial sponsors. The eighteen (18) parties who received non-public materials (including those parties who participated in introductory awareness meetings and management presentations) signed confidentiality agreements with the Company (without any standstill restrictions) prior to their receipt of such non-public materials.

Subsequently, on February 19, 2025, the Company received non-binding indications of interest from four (4) of the financial sponsors to acquire the Company (the “February Proposals”), which indicated a range of enterprise values of the Company from $685 million to $850 million.

On February 26, 2025, the Board held a regularly scheduled meeting attended by the Company’s management and representatives of Lazard, at which, among other things, representatives of Lazard reviewed the status of the potential sale process, including the number of strategic parties and financial sponsors contacted, at Company management’s direction, and the number of non-disclosure agreements executed. The Board and representatives of Lazard also discussed the financial terms, timing and key diligence areas with respect to each of the February Proposals. The Board and representatives of Lazard also discussed the timing of the potential sales process and next steps.

During the last week of February through early March, at the direction of the Company’s management, Lazard, in coordination with the Company, prepared a virtual data room on behalf of the Company in anticipation of diligence questions from prospective buyers. All four (4) parties who submitted the February Proposals were provided access to the virtual data room on March 1, 2025, and they subsequently submitted diligence questions and received responses.

On March 7, 2025, the Company received a non-binding indication of interest from an additional financial sponsor to acquire the Company for a purchase price reflecting an enterprise value of $725 million (the “March Proposal” and, together with the February Proposals, the “Proposals”). The financial sponsor who submitted the March Proposal was granted access to the virtual data room on March 10, 2025, and subsequently submitted diligence questions and received responses. In March 2025, the Company’s management met with and provided a management presentation to three (3) of the financial sponsors who submitted February Proposals and the financial sponsor who submitted the March Proposal. The fourth financial sponsor who submitted a February Proposal withdrew from the process prior to any management presentation.

In early April 2025, the Company was notified