The Online Investor
Electronic Equipment & Products M&A image Electronic Equipment & Products M&A » By The Online Investor Staff, updated Fri., Mar. 29, 7:26 AM Recent mergers and acquisitions in the Electronic Equipment & Products M&A category.

Slide #29. Carmanah Technologies Corporation SOL Inc.

Acquirer: Carmanah Technologies Corporation (CMH.CA)
Acquiree: SOL Inc.
Details: Carmanah Technologies Corporation (TSX:CMH.CA) and SOL, Inc., a privately-owned Florida-based company, today jointly announced that Carmanah has entered into a binding Letter of Intent with SOL, Inc. and Michael Sonnenfeldt. Mr. Sonnenfeldt is a director of Carmanah and the controlling shareholder of SOL. Under the terms of the Letter of Intent, Carmanah has agreed to buy all outstanding shares of SOL owned by Mr. Sonnenfeldt and the parties intend to take the necessary steps to ensure that all other owners of SOL shares prior to closing enter into a definitive agreement to sell their shares to Carmanah. As a result, upon completion of the transaction, SOL will become a wholly-owned subsidiary of Carmanah.

Carmanah Technologies and its subsidiaries are engaged in designing and manufacturing renewable and energy-efficient lighting products and electronics, incorporating light emitting diode (LED) and proprietary self-contained off-grid energy management system technology comprising solar charge controller, LED driver, microprocessor and wireless communication elements. Co. is organized through 2 divisions: the Signals and Illumination segment which primarily consists of outdoor area lighting illumination and lanterns and beacons for marine, aviation, traffic, and construction; and the Grid-tid and Mobile segment which primarily consists of mobile systems, grid-tie systems, and off-grid systems.

Open the CMH.CA Page at The Online Investor »

Company Name: 
Carmanah Technologies Corp
Website: 
www.carmanah.com
Sector: 
Electronic Equipment & Products
 

Open the CMH.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree CMH.CA Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Electronic Equipment & Products M&A - Slide 29 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.