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Highpower International (HPJ) approached by it’s CEO Mr. Dang Yu (George) Pan

  • June 5, 2018

POTENTIAL DEAL DETAILS

StockHighpower International, Inc.SymbolHPJ
Date Announced06/04/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person HPJ Parent Limited
Date of Confirmation: 06/28/2019Price at Confirmation: $3.05
Potential Profit: -10.29%Annualized Profit: -9.66%

Highpower International, Inc. (HPJ), a developer, manufacturer, and marketer of lithium ion and nickel-metal hydride (Ni-MH) rechargeable batteries, battery management systems, and a provider of battery recycling, today announced that its Board of Directors received a non-binding proposal from Mr. Dang Yu (George) Pan, the Company’s Chairman and Chief Executive Officer, to acquire certain outstanding shares of common stock of the Company at a cash purchase price of $4.80 per share.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.