Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

BRIEF-Update On Preliminary, Non-Binding "Going Private" Proposal Letter Received By The Co From Its CEO Shawn Qu

Published 2018-09-06, 07:23 a/m
Updated 2018-09-06, 07:30 a/m
BRIEF-Update On Preliminary, Non-Binding "Going Private" Proposal Letter Received By The Co From Its CEO Shawn Qu

Sept 6 (Reuters) - Canadian Solar Inc CSIQ.O :

* UPDATE ON PRELIMINARY, NON-BINDING "GOING PRIVATE" PROPOSAL LETTER RECEIVED BY THE COMPANY FROM ITS CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, DR. SHAWN QU

* CANADIAN SOLAR - SPECIAL COMMITTEE FORMED BY BOARD AND ITS FINANCIAL AND LEGAL ADVISORS CONTINUE TO ASSESS "GOING-PRIVATE" TRANSACTION

* BOARD HAVE NOT MADE ANY DECISION WITH RESPECT TO COMPANY'S RESPONSE TO PROPOSED TRANSACTION

* SPECIAL COMMITTEE HAS GIVEN CEO QU AND POTENTIAL EQUITY PARTNERS UNTIL END OF SEPT TO COMPLETE THEIR DUE DILIGENCE

* CANADIAN SOLAR - ENTERED CONFIDENTIALITY, STANDSTILL AGREEMENTS WITH DR. QU, POTENTIAL EQUITY PARTNERS, PROVIDED ACCESS TO INFORMATION ABOUT CO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.