US Geothermal (HTM)

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U.S. Geothermal Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
January 24, 2018
Tags: NewsPoints U.S. Geothermal Ormat United States Corporate Affairs Mergers &
Acquisitions

A group of U.S. Geothermal Inc. shareholders are attempting
to block the $110 million purchase of the company by Ormat Technologies Inc.

The shareholders allege that the purchase price of $5.45 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. Indeed the book value of the company alone is $5.42 per share. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

U.S. Geothermal did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
U.S. Geothermal for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or [e-mail]