And from Reuters
"* CBD Energy will own 85 pct of combined co
* Deal likely to close in Q3
* CBD Energy expects deal to add to FY13 earnings"
And it will be an all stock deal
- at the moment CBD owns about 10% of WestinghouseSolar and CBD has a value of $38M.
Does this make the combined company worth about $260M (100/15%*38M)?
Seems like another Australian company got sick of Australian government's inability to get anything organised and has gone offshore.
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