- Hanwha Q CELLS (NASDAQ:HQCL) agrees to be acquired by Hanwha Solar in an all-cash transaction with an equity value of about $825M.
- 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)