Emeren enters go private merger for $2.00 per American depositary share

Emeren (SOL) Group announced that it has entered into a definitive agreement and plan of merger with Shurya Vitra and Emeren Holdings pursuant to which the parent will acquire the company for 20c in cash per ordinary share, or $2.00 in cash per American depositary share. The merger is currently expected to close during Q3. Emeren ‘s board of directors, acting upon the unanimous recommendation of a committee of independent directors established by the board, approved the merger agreement and resolved to recommend that the company’s shareholders vote to authorize and approve the merger.