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Total to acquire 60% stake in SunPower
GlobalData, June 2011, Pages: 5
Total to acquire 60% stake in SunPower - Deal Analysis from GlobalData
Summary
Total, the French energy conglomerate, has agreed to buy a majority stake in SunPower Corporation, the second largest US Solar Energy Company. Total acquired a 60% stake in SunPower for $1.38 billion, valuing the solar energy firm at around $2.3 billion. Total has acquired 59.35 million of SunPower’s outstanding Class A and B common shares at $23.25 per share, a 46% and 49% premium, respective to its closing price as of April 27, 2011. Total has also offered $1 billion of credit support to SunPower over the next five years. Total has been investing in renewable energy companies and research projects.
Scope
- Deal Overview and transaction details
- Comparable Deals and Rationale Behind the Deal
- Key Features of the Deal and Key Drivers of the Deal
- Overview of Renewable Energy Portfolio of TOTAL and Overview of Total SA and SunPower Corporation
Reasons to buy
- The analysis provides perspective on the startegic implications of the deal on solar industry and how the role and capabilities of SunPower and Total change in the alternative energy domain.
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