Aclara Announces the Closing of the Transaction with Cap and the Receipt of Initial Payment of Us$9.7M as Part of the US$29.1M Strategic Investment [Yahoo! Finance]
Hubbell Inc (HUBB)
Last hubbell inc earnings: 4/30 07:30 am
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Source: Yahoo! Finance
acquisition by CAP S.A. ("CAP") of its 20% equity ownership interest in REE Uno SpA ("REE Uno"), the Company's Chilean subsidiary that owns the Penco Module project, and receipt by the Company of the initial payment of approximately US$9.7 million in connection with such acquisition. The acquisition is made pursuant to the terms of the previously announced investment agreement entered into between CAP and Aclara on March 13, 2024 (the "Investment Agreement"). Under the terms of the Investment Agreement, payments are to be made in three tranches, of which the remaining two tranches in the amounts of US$12.5 million and US$6.9 million are to be made in January of 2025 and 2026, respectively. Transaction Summary A US$29.1 million capital contribution by CAP into REE Uno, Aclara's Chilean subsidiary which owns the Penco Module and all of Aclara's mining concessions in Chile, in exchange for a 20% equity participation in REE Uno. Following payment of the initial tranche of US$9.7 milli
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News
- Hubbell (HUBB) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Hubbell Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Hubbell Reports First Quarter 2024 ResultsGlobeNewswire
- Countdown to Hubbell (HUBB) Q1 Earnings: Wall Street Forecasts for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Hubbell Incorporated Declares Regular Quarterly DividendGlobeNewswire
HUBB
Earnings
- 4/30/24 - Beat
HUBB
Sec Filings
- 4/30/24 - Form 8-K
- 3/25/24 - Form ARS
- 3/25/24 - Form DEFA14A
- HUBB's page on the SEC website