whytestocks
4年前
BREAKING NEWS: $CSIQ Why Canadian Solar Stock Just Popped 10.5%
For the longest time, analysts at GLJ Research, a group with a confirmed bent toward solar energy research, has been skeptical of valuations among the major solar energy stocks . That is, until today. Today, GLJ finally found a solar stock it likes, and shares of Canadian Solar (NASDAQ: CSIQ...
Got this from CSIQ - Why Canadian Solar Stock Just Popped 10.5%
whytestocks
5年前
News: $CSIQ Canadian Solar Reports Second Quarter 2019 Results
GUELPH, Ontario , Aug. 15, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced financial results for the second quarter ended June 30, 2019 . Second Quarter 2019 Highlights...
Read the whole news Canadian Solar Reports Second Quarter 2019 Results
whytestocks
6年前
News: $CSIQ Canadian Solar Reports First Quarter 2019 Results
GUELPH, Ontario , May 30, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its financial results for the first quarter of 2019 ended March 31, 2019 . First Quarter 2019 Hig...
In case you are interested https://marketwirenews.com/news-releases/canadian-solar-reports-first-quarter-2019-results-8267970.html
whytestocks
6年前
News: $CSIQ Canadian Solar Announces Appointment of Yan Zhuang as Acting Chief Executive Officer while Dr. Shawn Qu is on a Medical Leave of Absence
GUELPH, Ontario , May 30, 2019 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the Board of Directors of the Company ("Board") has appointed Yan Zhuang , the Company's Senior Vi...
Find out more https://marketwirenews.com/news-releases/canadian-solar-announces-appointment-of-yan-zhuang-as-acting-chief-executive-officer-while-dr-shawn-qu-is-on-a-medical-leave-of-absence-8267856.html
eFinanceMarkets
7年前
$CSIQ Canadian Solar (NASDAQ:CSIQ) -2.6% premarket after lowering Q4 revenue guidance to $1.04B-$1.08B from $1.77B-$1.81B previously and below the $1.76B analyst consensus estimate, in part to reflect the timing of certain utility-scale solar project sales.
CSIQ also cuts its full-year revenue guidance to $3.33B-$3.37B from $4.05B-$4.09B previously.
At the same time, CSIQ slightly raises FY 2017 guidance for total solar module shipments to 6.8-6.9 GW from its earlier outlook for 6.7-6.8 GW; for Q4, CSIQ now sees solar module shipments of 1,720-1,820 MW vs. previous guidance of 1,650-1,750 MW.
Now read: Canadian Solar - Take Advantage Of Strong Solar Markets »
JustJack
7年前
Canadian Solar Inc. Announces Receipt of a Preliminary, Non-Binding "Going Private" Proposal Letter from its Chairman, President and Chief Executive Officer and Formation of an Independent Special Committee
GUELPH, Ontario, Dec. 11, 2017 /PRNewswire/ -- Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that its Board of Directors (the "Board") has received a preliminary, non-binding proposal letter (the "Proposal Letter"), dated December 9, 2017, from its Chairman, President and Chief Executive Officer, Dr. Shawn (Xiaohua) Qu ("Dr. Qu"), to acquire all of the outstanding common shares of the Company not already beneficially owned by Dr. Qu and his wife, Ms. Hanbing Zhang, (the "Chairman Parties") in a "going-private" transaction (the "Proposed Transaction") for cash consideration of US$18.47 per common share.
A copy of the Proposal Letter is attached as Annex A to this press release.
The Board has formed a special committee (the "Special Committee") of independent and disinterested directors to consider the Proposed Transaction. The Company expects that the Special Committee will retain independent advisors, including independent legal and financial advisors, to assist it in this process.
The Board cautions the Company's shareholders and others considering trading in the Company's securities that the Board has just received the Proposal Letter and has not had an opportunity to carefully review and evaluate the Proposed Transaction or make any decision with respect to the Company's response to the Proposal Letter. The Board also cautions that there can be no assurance that any definitive offer relating to the Proposed Transaction or any other transaction will be made by Dr. Qu or any other person, that any definitive agreement with respect to the Proposed Transaction or any other transaction will be executed or that the Proposed Transaction or any other transaction will be approved or consummated.
The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.
JustJack
7年前
EXECUTION COPY
December 9, 2017
The Board of Directors
Canadian Solar Inc. (the "Company")
545 Speedvale Avenue West
Guelph, Ontario
Canada N1K 1E6
Tel: (1-519) 837-1881
Fax: (1-519) 837-2550
Dear Sirs:
I, Shawn (Xiaohua) Qu ("Dr. Qu"), Chairman, President and Chief Executive Officer of the Company, am pleased to submit this preliminary non-binding proposal to the board of the directors of the Company (the "Board") to acquire all of the outstanding common shares ("Common Shares") of the Company not already owned by me and my wife, Ms. Hanbing Zhang (together with Dr. Qu, the "Chairman Parties"), in a going-private transaction (the "Transaction"). The Chairman Parties currently beneficially own approximately 23.5% of the issued and outstanding Common Shares of the Company on a fully diluted and as-converted basis.
I believe that my proposal of US$18.47 in cash per Common Share will provide a very attractive opportunity to the Company's shareholders. This price represents a premium of approximately 7.1% to the Company's closing price on December 8, 2017, and a premium of approximately 10% to the average closing price during the last 90 trading days.
The terms and conditions upon which I am prepared to pursue the Transaction are set forth below. I am confident in my ability to consummate a Transaction as outlined in this letter.
1. Buyer. I intend to form an acquisition vehicle for the purpose of pursuing the Transaction. I am interested only in pursuing this Transaction and am not interested in selling the Common Shares owned by the Chairman Parties in connection with any other transaction.
2. Purchase Price. My proposed consideration payable for the Company's Common Shares acquired in the Transaction will be US$18.47 in cash per share.
3. Financing. I intend to finance the Transaction with a combination of debt and equity capital. Equity financing is expected to be provided in the form of rollover equity in the Company from the Chairman Parties and cash contributions from the Chairman Parties and, potentially, third party sponsors. Debt financing is expected to be provided by loans from third party financial institutions. I am confident that I can timely secure adequate financing to consummate the Transaction.
4. Due Diligence. Given my role with the Company and existing ownership interest, my own diligence needs will be quite limited. Parties providing financing will require a timely opportunity to conduct customary due diligence on the Company. I would like to ask the Board to accommodate such due diligence request and approve the provision of confidential information relating to the Company and its business to possible sources of equity and debt financing subject to confidentiality agreements with customary terms.
5. Definitive Agreements. I am prepared to negotiate and finalize definitive agreements (the "Definitive Agreements") expeditiously. This proposal is subject to execution of the Definitive Agreements. These documents will include provisions typical for transactions of this type.
6. Confidentiality. I will, as required by law, promptly file an amendment to my Schedule 13D to disclose this letter. I am sure you will agree with me that it is in all of our interests to ensure that we proceed our discussions relating to the Transaction in a confidential manner, unless otherwise required by law, until we have executed the Definitive Agreements or terminated our discussions.
7. Process. I believe that the Transaction will provide superior value to the Company's shareholders as compared to remaining a publicly traded company. I recognize of course that the Board will evaluate the proposed Transaction independently before it can make its determination whether to endorse it. It is my expectation that the Board will appoint a special committee of independent directors to consider this proposal and make a recommendation to the Board based on its independent evaluation of my proposal.
8. No Binding Commitment. This letter constitutes only a preliminary indication of my interest, and does not constitute any binding commitment with respect to the Transaction. Such a commitment will result only from the execution of Definitive Agreements, and then will be on the terms provided in such documentation.
In closing, I would like to express my commitment to working together with you to bring this Transaction to a successful and timely conclusion. I have engaged Skadden, Arps, Slate, Meagher & Flom LLP as my U.S. legal advisor and Stikeman Elliott LLP as my Canadian legal advisor. Both are ready to help bring this Transaction forward in a timely manner. Should you have any questions regarding this proposal, please do not hesitate to contact me. I look forward to speaking with you.
[Signature Page to Follow]
Sincerely,
Shawn (Xiaohua) Qu
/s/ Shawn (Xiaohua) Qu