VivoPower Intl. Stock Surges 111% On Proposed Acquisition By Energi For $120 Mln

(RTTNews) - Shares of VivoPower International Plc. (VVPR) are surging on Wednesday after announcing that it is in advanced bilateral negotiations with Energi Holdings Ltd. in connection with its unsolicited non-binding all-cash takeover offer of $120 million.

The two companies have agreed to complete negotiations on price, terms, and conditions before April 2.  

Founded in 2014, Energi is an Abu Dhabi-based energy solutions firm with offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia.   

VVPR was up by 111.00 percent at $4.8 on the Nasdaq.