Hanwha Q CELLS: Shares jump on merger deal
16/10/2018 14:26
** Shares of solar modules maker HQCL.O up 16.4 pct at
$9.65 premarket - among the biggest gainers across U.S.
exchanges
** Hanwha Solar Holdings Co, a unit of Hanwha Chemical
Corp., to buy HQCL in an all-cash deal 009830.KS urn:newsml:reuters.com:*:nPn71W4v7a
** The all-cash deal implies an equity value for HQCL of
about $825 mln, a premium of about 19.6 pct to Monday's close
** Up to Monday's close, stock had risen 18.1 pct this year
(Reporting by Aaron Saldanha in Bengaluru)
((Aaron.Saldanha@thomsonreuters.com; +91 80 6749 1130; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))
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