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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。