Monday, May 2, 2011

Total Acquires 60% of a Solar Panel Maker - SA, the European oil producer, agreed to buy as much as 60 percent of the SunPower Corporation for $1.38 billion, taking advantage of increased global interest in renewable energy. SunPower, a solar panel maker based in San Jose, Calif., described the acquisition price of $23.25 a share as a “friendly tender offer” in a statement after the close of regular trading on Thursday. SunPower’s stock rose $5.62, or 36 percent, to $21.40 a share on Friday.

Bloomberg News via The New York Times
April 30, 2011

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