TOTAL S.A. (TOT) to buy 60% of SunPower (SPWRA, SPWRB) in a friendly tender offer of...

|About: TOTAL S.A. (TOT)|By:, SA News Editor

TOTAL S.A. (TOT) to buy 60% of SunPower (SPWRA, SPWRB) in a friendly tender offer of $23.25/share, a 46% premium to yesterday's close. Total will also extend SunPower $1B in credit to help solidify its position "in the increasingly competitive solar sector."