This Slide: #36 of 43 |
Slide #36. AvCarb LLC — Ballard U.S. Material Products Division
Acquirer:
AvCarb LLC
Acquiree:
Ballard U.S. Material Products Division (NASDAQ:BLDP)
Details:
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLD) has announced the closing of an agreement to sell the Company's Material Products division, located in Lowell, MA for up to $12 million. Of this amount, $10.5 million was paid to Ballard in cash on closing, with the remainder payable on the basis of 2013 financial results associated with the Material Products division. Substantially all the assets of the Material Products division were purchased by investment group ALY Holdings LLC in partnership with the division's senior management, through AvCarb LLC, a new company formed as a result of the transaction.
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Hold (1.69 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: BLDP Stock Forecast Based on Zacks ABR data; powered by Xignite |