Canadian Solar CEO withdraws bid after panel rejects going-private offer [Toronto Globe and Mail (Ontario, Canada)]
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: Toronto Globe and Mail
Reuters Published November 5, 2018 Updated November 5, 2018 For Subscribers Comments Canadian Solar said on Monday its chief executive officer Shawn Qu has withdrawn an offer to take the solar module maker private after a special committee set up by the board recommended rejecting his bid. The special committee has asked the board to cease review of any future going-private deal proposed by Qu unless its board receives “reasonable evidence” that the transaction is fully financed, the company said in a statement. Qu, the company’s largest shareholder, made an offer to buy the company for $18.47 per share at a premium of 7.1 per cent in December 2017. Qu and his wife Hanbing Zhang own about 23.5 per cent of the company’s shares. Story continues below advertisement The committee advised against the proposal in the light of “significant changes” in the solar in
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CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 3/14/24 - Form 6-K
- 3/4/24 - Form SC
- 2/28/24 - Form 6-K
- CSIQ's page on the SEC website