Cases
Highpower International, Inc.
Merger
Overview
Overview
- Date:
- 7/9/2019
- Company Name:
- Highpower International, Inc.
- Stock Symbol:
- HPJ
- Company Name - Buyer:
- Essence International Capital Limited
- Status:
- Pending
- Merger Announcement Date:
- 6/28/2019
Pursuant to the proposed transaction announced on June 28, 2019, Highpower shareholders will receive $4.80 cash for every share of Highpower common stock owned. The investigation focuses on whether Highpower and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.