InsideArbitrage Potential Deal Alert: Heliogen (HLGN) Confirms Receipt of Unsolicited, Non-Binding Acquisition Proposal

  • April 14, 2023

POTENTIAL DEAL DETAILS

StockHeliogen, Inc.SymbolHLGN
Date Announced04/14/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Continuum Renewables

Heliogen (HLGN) announced that it has received an unsolicited, non-binding proposal from Continuum Renewables to acquire all of the outstanding shares of common stock of Heliogen for cash consideration of $0.40 per share.

Update(s):

April 24, 2023: Heliogen (HLGN), announced that its Board of Directors rejected the unsolicited, non-binding proposal it received on April 13th from Continuum Renewables to acquire all of the outstanding shares of common stock of Heliogen for cash consideration of $0.40 per share. The Board concluded that the non-binding proposal substantially undervalues Heliogen.

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.