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realfast95

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realfast95

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Monday, 12/08/2014 9:25:12 AM

Monday, December 08, 2014 9:25:12 AM

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Hanwha Solar Holdings says it is merging Hanwha SolarOne (NASDAQ:HSOL), its U.S.-listed PV manufacturing affiliate, with Hanwha Q Cells Investment Co. in a deal that values the combined company at $2B including debt.
HSOL will acquire the Germany-based Hanwha Q Cells for $1.2B in stock and plans to issue ~740M American depositary shares.
HSOL says the combined business will be the largest manufacturer of solar cells, with capacity of 3.28 GW.
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