SunPower to Acquire SunRay Renewable Energy
- Pages: 6
- Published: February 2010
- Report Code: GDAE0065MA
SunPower Corporation (formerly known as Hyaton Organics, Inc.), signed a definitive agreement to acquire SunRay Renewable Energy Ltd., a developer and operator of Solar PhotoVoltaic (PV) power generating plants, from Denham Capital Management, LP, a private equity firm, for a purchase consideration of $277 million. Of the total consideration, $235 million will be paid in cash and the remaining $42 will be paid in a letter of credit and promissory notes.
Scope of the Report
The scope of the report includes –
The information related to the acquisition by SunPower Corporation
A brief on companies SunRay Renewable Energy Ltd SunPower Corporation and Denham Capital Management, LP.
Comparison of deals in the Solar PV sector
The rationale behind acquisition by SunPower Corporation .
Reasons to buy
Reasons to Buy
The Deal Report attempts to focus on the reason behind the acquisition by SunPower Corporation.
It will allow the reader to:
1. Understand the reasons for the acquisition.
2. Analyze similar acquisition opportunities in the region.
3. Assists in understanding the impact of the deal.
Table of Contents
List of Tables
List of Figures