VivoPower to Grant Energi Exclusivity Period Subject to Sweetened Takeover Proposal

Dow Jones
2025/03/28
 

By Josh Beckerman

 

VivoPower International agreed to grant Energi Holdings an eight-week exclusivity period to conduct due diligence subject to Energi increasing its non-binding takeover proposal to an enterprise valuation of $180 million from $120 million.

VivoPower shares were recently up 15%, to $4.80. The stock closed at $1.29 last Friday, surging after VivoPower reported the proposal from Abu Dhabi's Energi on Monday.

VivoPower's operations include Tembo, an electric utility vehicle for sectors such as mining, agriculture and utilities, and Caret Digital, a solar-energy business that recently began Dogecoin-mining operations.

Energi's operations include storage terminals, infrastructure and logistics for renewable fuels, crude oil, petroleum products, chemicals and vegetable oil.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

March 27, 2025 15:04 ET (19:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10