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Xconomy: Maxwell, Struggling Battery-technology Maker, To Sell To Tesla

by xconomy.com posted 2weeks ago 23 views
Battery-technology business Maxwell Technologies has agreed to be acquired by Silicon Valley electric car company Tesla (NASDAQ: TSLA) in an all-stock deal valued at about $218 million, the San Diego-based company announced Monday. Maxwell (NASDAQ: MXWL) said Palo Alto, CA-based Tesla would buy its shares at $4.75 apiece, a 55 percent premium over its stock […]

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