Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 60

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 60
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 terminate the Merger Agreement to enter into a superior proposal, subject to certain conditions (including certain rights of Parent to match the superior proposal); |

| • | the likelihood that the Merger would be consummated, including the nature of the conditions to complete the Merger (including regulatory conditions), and the provisions of the Merger Agreement requiring Parent to, subject to certain exceptions, use its reasonable best efforts to take (or cause to be taken) all actions, and do (or cause to be done) all things necessary, proper or advisable under the Merger Agreement to obtain as expeditiously as possible all consents, registrations, approvals, permits, expirations of waiting periods and authorizations necessary or advisable to be obtained from any third party or any governmental entity in order to consummate the Merger or the Transactions; and |

| • | the availability of statutory appraisal rights under Delaware law in connection with the Merger. |

| • | Timing of Completion. The Transaction Committee and the Board considered the anticipated timing of the consummation of the Transactions, including the Merger, and the structure of the Merger and concluded that the Transactions, including the Merger, could be completed in a reasonable timeframe and in an orderly manner. The Board also considered that the potential for closing the Merger in a reasonable timeframe could reduce the period during which the Company’s business would be subject to the potential uncertainty of closing the Transactions, the restriction on its operations under the Merger Agreement and related disruption. |

| • | Specific Performance. The Transaction Committee and the Board considered the Company’s ability, under circumstances specified in the Merger Agreement, to seek specific performance of Parent and Merger Sub’s obligation to cause the Merger to occur and to prevent other breaches of the Merger Agreement. |

In the course of its deliberations, the Transaction Committee and the Board also considered certain risks and other potentially negative factors concerning the Transactions, including:

| • | No Stockholder Participation in Future Growth or Earnings. The Transaction Committee and the Board considered the fact that the nature of the Merger as an all cash transaction means that the Company would no longer exist as an independent company that is traded on the OTC Pink Market following the consummation of the Merger and that the holders of Common Shares will not participate in future earnings or growth of Parent and will not benefit from any appreciation in value of the Surviving Corporation. |

| • | Closing Conditions. The Transaction Committee and the Board considered the fact that there can be no assurance that