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Array Technologies and Shoals Technologies Group Announce Merger Valued at Over $1 Billion

Albuquerque Journal, N.M. +4 · ·by G4L

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SHLS Shoals Technologies Group Inc
$8.13 -6.77%
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ARRY ARRY -8.86%
  1. 1The merger transaction between Array Technologies and Shoals Technologies Group is valued at over $1 billion.
  2. 2Shoals shareholders will hold approximately 65% of the ownership interest, and the merged entity will be named Array.
  3. 3Currently, only 20% of solar projects use products from both companies.

So what's the key point?

Array Technologies and Shoals Technologies Group are joining together to form a large company. Shoals shareholders will own 65% of the merged company.

Source Albuquerque Journal, N.M. +4 · View original ↗

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