Sunways recommends accepting LDK takeover offer

Share

In a statement released, Sunways says it believes the takeover by the Chinese solar company will involve "competitive advantages and promising international prospects". As such, it is recommending that Sunways’ shareholders accept LDK’s offer of €1.90 per share.

The shareholders have until March 26, 2012, to accept the offer. An additional acceptance period could begin on March 30 and end on April 12, if agreed upon. The statement continues, "Each Sunways shareholder must decide for himself/herself whether or not to accept the offer."

LDK and Sunways have worked together for many years, with LDK supplying the German company with raw materials. Since 2010, the two parties have also worked together on the production of Sunways’ solar modules.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.