At the time of the merger, each ADS will cease to exist and exchange for $9.90 in cash without interest.
The deal value represents a 50% premium to the ADS closing price on August 2, the last trading day prior to Hanwha announcing its interest in acquiring the rest of the HQCL it didn’t already own.
HQCL shares are up 8.6% aftermarket to $9.
Previously: Hanwha Q CELLS +25% after receiving "going private" proposal letter (Aug. 3)
Now read: SMART Global: Smart To Buy? »
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