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REC Silicon ASA ( (RNWEF) ) has issued an announcement.
REC Silicon ASA has announced that Anchor AS, a company formed by its largest shareholders Hanwha Corporation and Hanwha Solutions Corporation, has made a voluntary all-cash offer to acquire all outstanding shares at NOK 2.20 per share, valuing the company at approximately NOK 925 million. The board of directors recommends shareholders accept the offer, which represents a significant premium over recent trading prices, as it aims to stabilize the company’s operations through delisting from the Oslo Stock Exchange and integrating into Hanwha’s business structure, ensuring financial support and operational continuity.
More about REC Silicon ASA
REC Silicon ASA operates in the renewable energy sector, focusing on the production of silicon materials primarily used in solar and electronics industries. The company is known for its polysilicon and silicon gas products, catering to the growing demand for sustainable energy solutions.
YTD Price Performance: 8.75%
Average Trading Volume: 6,781
Technical Sentiment Signal: Buy
Current Market Cap: $71.26M
For a thorough assessment of RNWEF stock, go to TipRanks’ Stock Analysis page.