Followers | 21 |
Posts | 2457 |
Boards Moderated | 1 |
Alias Born | 09/01/2009 |
Monday, April 22, 2013 7:34:10 AM
Automation technology group ABB said it was buying renewable energy firm Power-One Inc for around $1 billion, an effort to step up its presence in the growing solar inverters market.
ABB said the boards of both companies had agreed that ABB will acquire Power-One at $6.35 per share in cash, a deal which includes Power-One's net cash of $266 million, ABB said in a statement on Monday.
The transaction would position ABB as a leading global supplier of solar inverters, the "intelligence" behind a solar photovoltaic system, ABB said.
Subject to shareholder and regulatory approvals, the transaction is expected to close the second half of 2013.
http://www.foxbusiness.com/news/2013/04/22/abb-to-buy-solar-power-firm-power-one-for-1-billion/
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM
Integrated Ventures, Inc Reports Total 2024 Revenues Of $5,863,935 vs $3,862,849 for 2023. • INTV • Oct 1, 2024 9:00 AM
Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary Training • NGTF • Oct 1, 2024 8:30 AM
ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today • COOP • Oct 1, 2024 7:00 AM
Element79 Gold Corp secures loi for launching tailings reprocessing business in Arequipa, Peru • ELMGF • Oct 1, 2024 6:38 AM