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China/US: Trina and Fortune solar companies to unite

By  |  August 1, 2016

Chinese solar energy company Trina Solar Ltd. announced that it has reached a merger agreement with Fortune Solar Holdings Ltd. and one of its units, after which it will be taken private by an investor consortium in an all-cash deal that implies an equity value of $1.1 billion.

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    The merger consideration is equal to a premium of 40.6% over the closing price of the ADS on Friday, July 29, the last day prior to August 1’s announcement. The deal is expected to close in the first quarter of 2017.

    Full Content: MarketWatch

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