Market Currents
Wind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M...
-
Monday, October 31, 2011, 11:28 AM ETWind turbine parts maker AMSC (AMSC -2.3%) trades lower after the company terminates its $265M acquisition agreement for Finnish peer The Switch Engineering Oy, citing adverse market conditions for financing the deal. The collapse of the deal is the latest in a series of setbacks for the company, having earlier faced contractual issues with its largest customer, China-based Sinovel Wind Group, who failed to pay for its deliveries over two quarters.
Other date
Latest Articles
