JA Solar Enters Agreement to Go Private

On November 17, JA Solar Holdings Co., Ltd. (JASO) announced that the company entered into an agreement to go private. An investor group plans to purchase the company in an all-cash transaction valuing the company at $362.1 million. At the agreement’s effective time, all current shares of JASO will no longer exist. Shareholders will have the right to exchange their holding for $1.51 per share. JA Solar is one of the world’s largest manufacturers of high-performance solar products.

 

Sonal detected the event and issued an alert at 9:21 am. The next trade occurred at 9:30 am for $7.11. The market closed at $7.45, which makes a gain of almost 5% for the day.

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