Array Technologies and Shoals Technologies Announce All-Stock Merger
Array Technologies (ARRY) and Shoals Technologies (SHLS) have entered into a definitive agreement to merge in an all-stock transaction. Under the terms of the deal, Array Technologies will serve as the legal acquirer and the corporate parent of the newly combined entity. Following the announcement, both companies saw significant pre-market gains, with Array Technologies shares rising 7.8% and Shoals Technologies climbing 9.8%. The merger aims to consolidate resources within the solar infrastructure sector by combining Array's expertise with Shoals' technology.
Topics: M&A Solar Energy Stock Market Movement
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Part of the story Array Technologies and Shoals Technologies Group Discuss Merger Details and Q3 Financial Results (5 articles)