"merging it with an unlisted Luxembourg entity"
So, a Swiss investment bank wants to take SUSE off of public scrutiny to do a deal with some unnamed entity hosted in Luxembourg.
The fact that it is in Luxembourg practically implies it is some entity belonging to an international conglomerate. Money meets more money.
I hope this means that the people working on SUSE are safe, but once again, this deal has nothing to do with improving SUSE and everything to do with managing investor interests.
And backroom deals are best done far from public scrutiny.
You decide if that is a good thing or not.