23.07.2013 18:25:33
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Power-One Stockholders Approve Acquisition By ABB - Quick Facts
(RTTNews) - Power-One, Inc. (PWER) announced that its stockholders approved the adoption of the merger agreement, pursuant to which ABB Ltd. (ABB) will acquire Power-One for $6.35 per share of Power-One common stock.
The company stated that as previously announced, on April 21, 2013, ABB agreed to acquire Power-One in an all-cash transaction valued at approximately $1.0 billion.
Power-One said the transaction has already received the required antitrust approvals and both, Power-One and ABB expect to complete the transaction by the end of this week.
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