Seeking Alpha

Zoltek rumored to have receive takeover approach

  • Shares of Zoltek (ZOLT -1.2%) get volatile on the back of a Financial Times report saying the carbon fiber composite maker is rumored to have received takeover approaches at around $22 per share, which would value the company at about $800M.
  • Quinpario Acquisition Corp., a blank check acquisition firm, coincidentally priced its IPO at $10 and begins trading on the Nasdaq Exchange today under the symbol "QPACU," is the leading suitor.
  • In March, Quinpario had an offer rejected to buy Zoltek for a price in the mid teens.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs