VivoPower International (VVPR) said Monday it received an unsolicited takeover proposal from Abu Dhabi, United Arab Emirates-headquartered Energi Holdings valuing all free float shares of the company at an enterprise value of $120 million.
The company said its board members are reviewing the proposal and will provide an update as soon as possible.
Shares were up 44% in recent trading.
Price: 1.86, Change: +0.57, Percent Change: +44.19